(Source: Datamonitor)

US-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.