Fortune Brands Innovations backs prior FY22 EPS view $6.20-$6.30

Consensus estimate for FY22 EPS is $6.16. In advance of its fourth quarter and full-year earnings release, Fortune Brands is reaffirming the full-year 2022 sales growth and EPS guidance provided as part of its third quarter earnings release, which included the contribution of its Cabinets business for the full fiscal year. As stated in its third quarter earnings release, the Company expects 2022 full-year sales growth in the range of 4.5% to 5.5%, and EPS before charges / gains for the full year to be in the range of $6.20 to $6.30. The Company’s complete fourth quarter and full-year results, as well as 2023 guidance, will be included in the fourth quarter earnings release, with more extensive commentary to follow during the quarterly investor call.