logo


Fortune Brands Q1 Net Income Decreases 27%
Tuesday, July 28, 2009 3:53 AM


(Source: Datamonitor)trackingUS-based spirits manufacturer Fortune Brands has reported a net income of $99.8 million or $0.66 per diluted share in the second quarter of 2009, down 26.6%, compared to $136 million or $0.88 per diluted share in the second quarter of 2008.

The company's net sales for the second quarter of 2009 were $1.74 billion, a decrease of 17%, compared to $2.09 billion in the same period of 2008.

For the six months ended June 30, 2009, the company has reported a net income of $107.2 million or $0.71 per diluted share, compared to $256.5 million or $1.65 per share in the same period of 2008.

Net sales for the first half of 2009 were $3.18 billion, down 18.5%, compared to $3.9 billion in the first half of 2008.

Bruce Carbonari, chairman and CEO of Fortune Brands, said: "Fortune Brands continued to effectively navigate the challenges of the global recession and severe US housing downturn in the second quarter. At a time when consumers are being very cautious, we are pleased that each of our businesses performed in line with our expectations for the quarter and that each is delivering industry-leading operating margins."

A service of YellowBrix, Inc.



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia