Fortune Brands Innovations Inc
FBIN: XNYS (USA)
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Fortune Brands Earnings: Tariff Mitigation Plan in Place; Demand Uncertainty Behind Guidance Change
Fortune Brands Innovations' first-quarter revenue fell 7% year over year due to softer consumer spending and inventory reductions across wholesale and retail channels. Adjusted operating margin compressed 200 basis points to 13.1%. Annualized unmitigated tariff exposure is about $525 million.
