Fortune Brands Innovations reports Q1 EPS ex-items 66c, consensus 66c

Reports Q1 revenue $1B, consensus $1.07B. “During the first quarter, we delivered margins and earnings per share in-line with our expectations,” said Fortune Brands Chief Executive Officer Nicholas Fink. “Rapidly changing geopolitical and macroeconomic environments are impacting the consumer and demand for our products. Our teams have consistently demonstrated the ability to respond promptly to challenges, and to leverage such challenges to identify and prioritize opportunities to outperform, and we will do so once again. Our teams are focused on mitigating the expected impacts of tariffs, making key investments, expanding our digital business and maintaining a strong balance sheet. We are also planning on leveraging our strong U.S. and North American manufacturing presence and continued momentum in our digital businesses to drive market outperformance.”