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
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=75225&p=irol-irhome
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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
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News
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SPB
Earnings
- 11/15/24 - Miss
SPB
Analyst Actions
- 11/18/24 - Canaccord Genuity
SPB
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- SPB's page on the SEC website