Loading...
•
Mar 30, 2024
Fortune Brands Q1 2024 Earnings Report
Fortune Brands reported first quarter sales and margin results that exceeded expectations, driven by strong execution of strategy.
Key Takeaways
Fortune Brands Innovations reported a 7% increase in net sales to $1.1 billion for Q1 2024. EPS increased by 13% to $0.76, and EPS before charges/gains increased by 20% to $0.83. The company reaffirmed its full-year 2024 guidance.
Q1 2024 sales increased by 7% to $1.1 billion compared to Q1 2023.
Organic sales decreased by 3% versus Q1 2023.
Q1 2024 EPS was $0.76, a 13% increase year-over-year.
EPS before charges/gains was $0.83, a 20% increase year-over-year.
Revenue by Segment
Forward Guidance
Fortune Brands reaffirmed its full year 2024 financial guidance, expecting to outperform the market amid a dynamic external environment.
Positive Outlook
- Prioritize above-market sales growth opportunities
- Focus on margin expansion
- Focus on cash generation
- Continue to invest in key strategic priorities
- Maintain a returns-focused view
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...