Fortune Brands, the company behind Jim Beam Brands, has reaffirmed its earnings guidance for both the first quarter and full-year 2005.

In remarks prepared for delivery at the Banc of America Securities 2005 Consumer Conference, Fortune Brands chairman and CEO Norm Wesley said: "Our leading consumer brands are already off to a strong start in 2005. We see broad-based consumer demand across product categories. Our investments behind our powerful consumer brands, our expanded customer relationships and several newly-introduced products are giving us an important competitive edge.

"Our performance to date gives us confidence that we're on track to deliver results that achieve our long-term growth goals. We're continuing to target double-digit growth in EPS before charges/gains for both the first quarter and for the full year."

Yesterday, the company announced that it plans this summer to spin-off to shareholders its office products business, and that it expects to achieve double-digit growth in EPS before charges/gains on a continuing operations basis, as well.