Fortune Brands (FBIN) Q4 Earnings Top, Net Sales Lag, Stock Down

Fortune Brands Innovations, Inc. (FBIN) reported mixed results for fourth-quarter 2023, with earnings beating the Zacks Consensus Estimate and net sales missing the same. On a year-over-year basis, net sales increased, but earnings declined.Despite a challenging macro environment, the company's teams successfully delivered, progressed long-term initiatives and executed on priorities. The company's results this year highlight its focus on surpassing market sales, maintaining margins and generating cash.In th ...