Fortune Brands Q2 sales down 4.1%; GAAP loss from $229.3 million impairment
Fortune Brands reported second quarter 2026 net sales of $1,153.9 million, down 4.1% from a year earlier, and a GAAP diluted loss of $0.19 per share after a $229.3 million asset impairment charge. Excluding charges and gains, diluted EPS was $1.35 versus $1.00 a year earlier, and the company raised its full-year 2026 EPS before charges and gains guidance to $3.22 to $3.52 from $3.00 to $3.30, including a $0.52 benefit from net tariff refunds.
Key points
- Q2 2026 net sales were $1,153.9 million, down 4.1% from $1,203.3 million in Q2 2025; operating loss was $9.0 million on a GAAP basis.
- GAAP diluted EPS was ($0.19), including a $1.44 per share asset impairment charge; EPS before charges and gains was $1.35 versus $1.00 a year earlier.
- Full-year 2026 EPS before charges and gains guidance rose to $3.22 to $3.52 from $3.00 to $3.30; full-year net sales guidance remains down low single digits.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.