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Stock impact report

SPB Q4 Earnings Miss Estimates, Organic Sales Increase 4.8% Y/Y [Yahoo! Finance]

Spectrum Brands Holdings, Inc. (SPB) 
Last spectrum brands holdings, inc. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
While sales increased year over year, earnings dipped. SPB's shares fell more than 8% in trading hours today on soft earnings results in the reported quarter. Shares of this Zacks Rank #4 (Sell) company have lost 2.9% in the past three months against the industry's 1.3% rise. The company's businesses reverted to growth in the second half of the fiscal year despite the tough economic and geopolitical conditions hurting consumer demand. It is focused on boosting top-line growth through commercial investments. It has been significantly investing in brand-focused advertising, marketing and innovation. SPB reported adjusted earnings of 97 cents per share, which lagged the Zacks Consensus Estimate of $1.13. The figure decreased 13.4% from the year-ago quarter's adjusted earnings of $1.12 a share, mainly attributable to lower adjusted EBITDA, which was offset by decreased interest expenses and share count. Spectrum Brands' net sales grew 4.5% year over year to $773.7 million and surp Show less Read more
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