US: Fortune Brands upbeat on FY as Beam Global Spirits & Wine shines in Q1
US: Fortune Brands upbeat on FY as Beam Global Spirits & Wine shines in Q1
May 5, 2011
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Fortune Brands has hailed the performance of its Beam Global Spirits & Wine unit in the first quarter, ahead of the proposed separation of the group.
The company, which announced last year that it will become a standalone spirits business, posted its figures for the first three months of 2011 earlier today (5 May). Operating profits at the drinks unit came in 25.5% up on a year earlier, at US$144.4m, as sales increased by 17.4% to $673.1m.
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