On a before chargesgains basis, diluted EPS decreased 5 percent to $0.63 for the fourth quarter, reflecting links of london sale expected impact of higher year-over-year strategic investments to strengthen sustainable long-term growth for each business. For the full year 2010, diluted EPS before chargesgains increased 16 percent to $2.81. The company's most recent expectation was for diluted EPS before chargesgains for 2010 to be toward valentines Day bracelets middle of its $2.60-2.90 target range. "2010 was an excellent year for Fortune Brands. We outperformed our markets, we delivered on our operational goals, and our businesses emerged from the recession in very strong positions. In addition to this strong performance, we announced our intention to separate our three businesses Links of London E Charm 2011 to maximize long-term value for shareholders," said Bruce Carbonari, chairman and chief executive officer of Fortune Brands. "Our determination to go on offense during the economic downturn and boost strategic investment across our businesses made a big impact in 2010. Each of our businesses continued Links of London D Charm strengthen its competitive position throughout the year, and Fortune Brands delivered strong double-digit growth in 2010 earnings. While we had anticipated full-year earnings toward the middle of our current target range, our earnings were stronger than that as all three businesses performed above our expectations in the fourth quarter.
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