Spectrum Brands' Stock Falls as Remington Parent's Earnings Miss Estimates [Yahoo! Finance]
Spectrum Brands Holdings, Inc. (SPB)
Last spectrum brands holdings, inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
The company said it is projecting “low single-digit” growth in its net sales for its fiscal 2025 year. Its fiscal fourth-quarter net income and sales beat estimates, however. Spectrum Brands ( SPB ) shares fell Friday after the parent company of Remington and George Foreman brands posted lower-than-estimated earnings per share and a muted sales outlook for the upcoming year. Spectrum reported net income of $28.6 million, up from $16.8 million, for its fiscal fourth quarter, and sales of $773.7 million. Those were above estimates from analysts polled by Visible Alpha of $27.3 million in net income and $750 million in sales. Earnings per share (EPS) lagged estimates, however. The company's EPS for the quarter was $1.01, below consensus estimates of $1.07, and adjusted EPS was $0.97, below $1.05 projections. "We exceeded our annual operating plans on virtually every metric and all of our businesses returned to growth in the second half of the year, in spite of the challenging
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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