Oct 23 · 11:10:00 AM · Source: Company News Release

Fortune Brands, Inc. today reported net sales for the third quarter were $1.72 billion, down 11%, reflecting flat sales for the company’s spirits business, and more moderate revenue decreases for the golf and home products brands. Diluted earnings per share were $0.82, and excluding one-time items, diluted EPS before charges/gains was $0.77.
Given its third-quarter performance and signs of stabilization in the U.S. new-home construction market, the company raised the bottom end of its full-year earnings target range. The company is now targeting to deliver EPS before charges/gains for 2009 of $2.10-2.30 versus its previous target of $2.00-2.30.

Track · email · face · Twitter · digg · COMMENTS
by Larry Etter