Fortune Brands Q3 sales fell 3.1% to $1.1 billion; 2026 EPS guidance lowered
Fortune Brands reported third quarter 2026 net sales of $1.1 billion, down 3.1% from a year earlier, and GAAP diluted EPS of $0.42 after a $73.8 million asset impairment charge. EPS before charges and gains rose 4.6% to $1.14, helped by a $0.28 net tax benefit and $0.14 of net tariff refunds. The company cut its full-year 2026 EPS before charges and gains guidance to $3.20 to $3.30, from a prior midpoint of $3.37, as it sells Fiberon, exits its China business and reduces its EMEA footprint.
Key points
- Q3 2026 net sales were $1.1 billion, down 3.1%; GAAP operating income was $60.4 million, down 52.0%.
- Full-year 2026 EPS before charges and gains guidance is $3.20 to $3.30, versus a prior midpoint of $3.37.
- Full-year 2026 net sales guidance is $4,205 million to $4,275 million.
- The company entered a purchase agreement to sell Fiberon, exits China commercial operations by Q3 2027, and expects $70 million of annualized SG&A savings by Q1 2027.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.