US: Fortune Brands reaffirms earnings guidance
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.
As Pernod Ricard, Allied Domecq and Fortune Brands close in on the biggest drinks industry deal since the sale of Seagram, opinion about how the deal will be structured and who stands to win and lose ...
Beam Global Spirits & Wine, the beverage arm of Fortune Brands, has extended its DeKuyper cordials and liqueurs portfolio in the US....
Fortune Brands saw its recently-acquired stable of wine and spirits brands help drive rising sales and earnings during 2005....
Fortune Brands has unveiled a fresh corporate identity for its drinks business, six months after snapping up a raft of premium wine and spirits brands from Allied Domecq....
Strong demand for brands such as Jim Beam helped Fortune Brands deliver an 8% rise in sales in its third quarter....
Fortune Brands, Inc. has declared a regular dividend of US$0.36 per share on its common stock....
US consumer goods group Fortune Brands has declared a regular dividend of 33 cents per share on the Common Stock, payable in cash on June 1, 2005, to stockholders of record at the close of business Ma...
Pernod Ricard is to acquire Allied Domecq....
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