![Fortune Brands Innovations, Inc. [FBHS] reports annual net loss of $404.5 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FFBHS.png&w=3840&q=75)
Fortune Brands Innovations, Inc. [FBHS] reports annual net loss of $404.5 million
Company Reports Revenue of $4.6 billion
Fortune Brands Innovations, Inc. [FBHS] has reported a net loss of $404.5 million for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $4.6 billion
Based in DEERFIELD, Illinois, Fortune Brands Innovations, Inc. operates in the MANUFACTURING sector.
In the annual report for the fiscal year ending December 30, 2023, the financial performance of Fortune Brands saw a decline in net sales as compared to the previous year. The company reported net sales of $4.63 billion in 2023, showing a decrease from $4.72 billion in 2022 and $4.80 billion in 2021.
Cost of products sold also showed a decline over the years, with figures of $2.71 billion in 2023, $2.79 billion in 2022, and $2.84 billion in 2021. Operating income followed the declining trend, dropping to $614.9 million in 2023 from $774.3 million in 2022 and $811.1 million in 2021.
