Fortune Brands – Moen’s Parent Company Makes 3rd Quarter Profit
By Social Juice Master | Oct 26, 2009
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Fortune Brands Inc., a seller of consumer goods ranging from Moen Faucets to Jim Beam Bourbon has raised recorded a nice 3rd quarter profit.
Their adjusted earnings were above estimates and the stock price rose to a 52-week high.
Sales did drop 10% on flat sales of spirits, golf and the new home products sales declines.
The bright spots are their new products, like Red Stag by Jim Beam, eco-friendly Moen Faucets and the new Titleist golf balls.
