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Tag Archives: William Ackman

• 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 […]