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Tag Archives: Titleist

• Analysts lower earnings outlook for Fortune Brands

Analysts lower earnings outlook for Fortune Brands

Several analysts lowered their outlook on Fortune Brands on Friday after the consumer goods company and owner of Jim Beam and Maker’s Mark bourbons reported second-quarter results. Fortune, which is in the process of splitting up its businesses, reported Thursday that its liquor business grew during the period but its operating income fell because of […]

• Fortune Brands Announces Stock Listings for Proposed Indie Companies

Fortune Brands Announces Stock Listings for Proposed Indie Companies

Companies Expect to Trade on New York Stock Exchange with Ticker Symbols “BEAM” and “FBHS” Upon Anticipated Separation in Early Fourth Quarter. Fortune Brands, Inc. FO +0.02% today announced that, upon completion of its proposed separation plan, two of its businesses expect to trade as independent companies on the New York Stock Exchange. Fortune Brands […]

• Fortune Brands 1Q Net Up 12% On Strong Spirit Sales

Fortune Brands Inc.’s (FO) first-quarter earnings rose 12% as strong sales, especially in the spirits unit, offset higher input costs and continued brand investment. Earnings beat analyst expectations, but commentary on higher freight and raw material prices and potential pressure in the second quarter helped push shares down 1.9% to $63.43 in recent trading. Fortune […]

• Fortune Brands to invest in liquor business

Fortune Brands to invest in liquor business

Fortune Brands Inc. plans to pour money into marketing its liquor brands like Jim Beam and Maker’s Mark as it prepares to become a standalone spirits company. A top executive also says it will keep an eye out for potential acquisitions. Fortune Brands is spinning off its home and security business, including units that make […]

• Fortune Brands Earnings Soar

Fortune Brands Inc.’s fourth-quarter earnings soared compared with a year-earlier quarter that included hefty write-downs, and sales grew in all of the company’s disparate businesses. The maker of Jim Beam whiskey, Moen faucets and Titleist golf clubs said it is still on track to complete its breakup in the second half. The Deerfield, Ill., company […]

• Fortune Brands Splits Into Three Companies

Maker of Jim Bean, Titleist golf supplies, and Moen faucets to split Fortune Brands Inc., the company that makes a variety of consumer products including liquor, golf products, and home furnishings, announced on Wednesday that it would split into three companies. Fortune makes alcohol under the brands Jim Beam and Maker’s Mark; golf balls, supplies, […]