logo
  

Fortune Brands Guides FY Outlook Above Street View

While reporting its results for the fourth quarter on Wednesday, Fortune Brands Home & Security, Inc. (FBHS) initiated an outlook for the full year 2022.

The company said it expects to continue outperforming a fundamentally strong housing market.

The company expects full-year 2022 sales growth in the range of 5.5 percent to 7.5 percent and adjusted earnings of $6.35 to $6.55 per share. Analysts polled by Thomson Reuters currently estimate earnings of $6.31 per share revenue growth of 5.70%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by... Retail giant Walmart reported Tuesday a net profit for the second quarter that grew 20.4 percent from last year, reflecting lower operating expenses and partially inflation driven revenue growth. The results were also driven by the rebound in international markets. Quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2023.
RELATED NEWS
Follow RTT