Fortune Brands Turnaround Will Take Time -- Market Talk

Dow Jones03-31

1352 ET - Fortune Brands doesn't have a quick fix, say Truist analysts Keith Hughes and Mia Senyitko. The company recently restarted its CEO selection process under pressure from an activist investor. It will likely be three to six months before a new CEO starts and even longer before a new plan is implemented, the analysts say. The company likely needs to sell some of its portfolio and also needs to use cash better--either on share repurchases or more synergistic deals. Fortune must also cut corporate costs, which have surged in recent years. Meanwhile, inflation, a weak consumer and internal turmoil are likely to hurt the company's 2026 performance. (nicholas.miller@wsj.com)

 

(END) Dow Jones Newswires

March 30, 2026 13:52 ET (17:52 GMT)

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