Track market-moving stories before they get noisy

MIDDLETON, Wis.--(BUSINESS WIRE)--Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, announced today it will release its fiscal 2026 third quarter financial results for the period ended June 28, 2026 before the markets open on Friday, August 7, 2026. Spectrum Brands will conduct a live conference call and live webcast on August 7, 2026 at 9.

Key Takeaways SPB is investing in innovation and brand building to support growth across pet care, home & garden.Spectrum Brands is expanding e-commerce, digital marketing and omnichannel capabilities. SPB is improving efficiency through portfolio optimization, ERP modernization and capital allocation. Spectrum Brands Holdings Inc. (SPB - Free Report) is strategically investing in brand equity, digital channels and innovations. The company has made significant investments in marketing, product development and e-commerce, efforts that are positioning it for long-term success and demand resilience, especially across its pet care, home & garden and grooming categories. SPB is actively pursuing digital transformation and portfolio reshaping as core pillars of its long-term strategy.

Innovation continues to play a meaningful role in the company’s strategy. Spectrum Brands is prioritizing product launches primarily in its pet care and home and garden segments to remain competitive and drive growth. The company is also focused on its core strategic pillars by simplifying its organizational structure, improving operational efficiencies and reinvigorating its global workforce.

Spectrum Brands is advancing its digital transformation by expanding its e-commerce capabilities, strengthening digital marketing efforts and enhancing omnichannel execution. The company is leveraging data analytics and consumer insights to improve marketing effectiveness, optimize merchandising and support product innovation. It is also investing in enterprise technology upgrades, including ERP modernization, to streamline supply-chain operations, improve inventory management and boost productivity.

Overall, SPB is focused on driving growth by investing in product innovation, strengthening its portfolio of trusted brands and expanding its presence. The company also remains committed to disciplined capital allocation, focusing on cash flow generation and portfolio optimization. In a nutshell, management is aligning the portfolio toward power brands and faster-turning consumables while pursuing greater scale. These strategic initiatives, combined with continued brand investments, position Spectrum Brands to drive long-term success.

SPB’s Price Performance, Valuation and EstimatesSpectrum Brands’ shares have gained 30.5% in the past six months compared with the industry’s 4.9% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, SPB trades at a forward price-to-earnings ratio of 15.28X compared with the industry’s average of 15.14X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SPB’s fiscal 2026 earnings per share (EPS) indicates a year-over-year drop of 2% while that of fiscal 2027 EPS shows growth of 3.5%. The company’s EPS estimates for fiscal 2026 and fiscal 2027 have been stable over the past 30 days. 

Image Source: Zacks Investment Research

Spectrum Brands currently carries a Zacks Rank #3 (Hold).

Key Picks in the Consumer Discretionary SpaceDuluth Holdings Inc. (DLTH - Free Report) , which deals in casual wear, workwear and accessories for men and women, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Duluth Holdings delivered a trailing four-quarter earnings surprise of 107.5%, on average. The Zacks Consensus Estimate for DLTH’s current financial-year EPS indicates a decline of 11.6% from the year-ago number.

Columbia Sportswear (COLM - Free Report) engages in marketing and distribution of outdoor and active lifestyle apparel, footwear and accessories. It currently sports a Zacks Rank of 1.

The Zacks Consensus Estimate for COLM’s current financial-year EPS is expected to rise 4.6% from the corresponding year-ago reported figure. COLM delivered a trailing four-quarter earnings surprise of 44.1%, on average.

Ralph Lauren Corporation (RL - Free Report) , which is a designer and marketer of premium lifestyle products, currently carries a Zacks Rank #2 (Buy).

RL delivered a trailing four-quarter earnings surprise of 9.1%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales indicates growth of 6.3% from the year-ago number.

Key Takeaways SPB investing in brands, digital channels and innovation to drive growth across pet, home & garden.SPB is advancing digital transformation and reshaping portfolio toward a pure-play Pet and Home platform.SPB delivered $50M savings via cost cuts, tackling tariff and inflation pressures to protect margins. Spectrum Brands Holdings Inc. (SPB - Free Report) is strategically investing in brand equity, digital channels and innovations. The company has made significant investments in marketing, product development and e-commerce, efforts that are positioning it for long-term success and demand resilience, especially across its pet care, home & garden and grooming categories. SPB is actively pursuing digital transformation and portfolio reshaping as core pillars of its long-term strategy.

Innovation continues to play a meaningful role in the company’s strategy. Spectrum Brands is prioritizing product launches primarily in its pet care and home and garden segments to remain competitive and drive growth, even amid softer demand conditions. The company is also advancing its core strategic pillars by simplifying its organizational structure, improving operational efficiencies and reinvigorating its global workforce.

With consumers increasingly shifting toward digital channels, the company is expanding its digital shelf presence across key platforms. It is also strengthening its commercial capabilities through sustained investments in brand-focused advertising, marketing and innovation. Such efforts, particularly in front-end and customer-facing functions, have been encouraging. Notably, Spectrum Brands is progressing toward its long-term objective of becoming a more focused, pure-play Pet and Home & Garden platform.

In parallel, the company is taking disciplined actions to safeguard margins amid tariff pressures and inflation. Management has executed a broad set of actions, including headcount reductions, elimination of open positions, cuts to discretionary spending and rightsizing of office, warehouse and distribution space. The company has delivered above $50 million in fiscal 2025 savings through cost-reduction actions, including workforce adjustments across its entire business lines and corporate functions.

In a nutshell, management is aligning the portfolio toward power brands and faster-turning consumables while pursuing greater scale. These strategic initiatives, combined with continued brand investments, position Spectrum Brands to drive long-term success.

SPB’s Price Performance, Valuation and EstimatesSpectrum Brands’ shares have gained 39% in the past six months compared with the industry’s 8.5% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, SPB trades at a forward price-to-sales ratio of 0.60X compared with the industry’s average of 2.96X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SPB’s fiscal 2026 earnings per share (EPS) indicates a year-over-year drop of 9.8%, while that of fiscal 2027 EPS shows growth of 8.6%. The company’s EPS estimate for fiscal 2026 and fiscal 2027 has been stable in the past 30 days. 

Image Source: Zacks Investment Research

Spectrum Brands carries a Zacks Rank #3 (Hold).

Key Picks in the Consumer Discretionary Space Crocs, Inc. (CROX - Free Report) , which is a leading footwear company, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

CROX delivered a trailing four-quarter earnings surprise of 16.6%, on average. The Zacks Consensus Estimate for Crocs’ current financial-year EPS indicates a rise of 7.2% from the year-ago number.

Ralph Lauren (RL - Free Report) , which is a designer and marketer of premium lifestyle products, currently carries a Zacks Rank #2 (Buy).

RL delivered a trailing four-quarter earnings surprise of 9.7%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year EPS indicates growth of 31.8% from the year-ago number.

Kontoor Brands, Inc. (KTB - Free Report) , which is an apparel company, currently carries a Zacks Rank of 2.

The Zacks Consensus Estimate for KTB’s current financial-year EPS is expected to rise 15.6% from the corresponding year-ago reported figure. KTB delivered a trailing four-quarter earnings surprise of 13.9%, on average.

Twenty years is a long time. In 2006, nobody had an iPhone. Streaming wasn't a verb. AI meant Allen Iverson. And a lot of the companies that dominate retail investors' portfolios today were either tiny, private, or barely public.

The investors who have won in the past two decades haven't always done so by picking the flashiest stocks. Many were picking businesses with durable models and growing markets, and using patience to let years of compound growth do its work.

Here are two tickers I'd recommend considering for 20-year holding periods.

Image source: Getty Images.

1. Spectrum Brands Holdings Most people won't recognize the name Spectrum Brands Holdings (SPB +0.76%), but they likely use its products regularly. The consumer products conglomerate owns a host of familiar names, including Cutter insect repellent, Spectracide weed killer, Black Flag bug extermination products, Rejuvenate cleaning supplies, and Remington grooming tools.

After selling its HHI hardware business (its Kwikset and Baldwin locks division) to Sweden-based Assa Abloy Group for $4.3 billion in 2023, Spectrum Brands emerged as a leaner company focused on its home & garden and home & personal care segments. Management has been using the proceeds of the sale for share repurchases and debt reduction, fundamentally reshaping Spectrum Brands' capital structure.

The stock has been under pressure. Net sales declined by about 5.2% in its fiscal 2025 fourth quarter, which ended Sept 30, due to previously bulked-up retailer inventories, as well as supply constraints tied to its tariff-related decision to pause importing products from China. Those headwinds continued in its fiscal 2026 first quarter, when net sales were down by 3.3% year over year. But the company has also launched cost-reduction initiatives targeting more than $50 million in annual savings, and supply chain diversification away from China is already underway. As execution improves, those savings should drop to the bottom line.

My 20-year angle here is about the home and garden category itself. As U.S. housing stock ages, homeowners will need to spend more on maintenance, pest control, and basic home improvements. Spectrum Brands' products sit at the intersection of those spending patterns. The brands aren't glamorous, but they generate cash. Over two decades, the combination of brand strength, a cleaner balance sheet, and a management team focused on a narrower group of businesses could make this a very different company.

Today's Change

(

0.76

%) $

0.64

Current Price

$

84.47

2. Seneca Foods Seneca Foods (SENEA +12.73%) stock hit an all-time high of $151.99 in late March, and it's still up more than 80% over the past 12 months. Yet most investors have never heard of it.

Seneca is one of North America's largest vegetable and fruit canning operations. It packs store brands for retailers and recently picked up a licensing deal for the Green Giant label, which immediately expanded its retail distribution footprint.

The business isn't glamorous. It grows, packs, and ships canned corn, green beans, peas, and tomatoes, among other produce. But it's exactly the kind of domestic, shelf-stable food operation that becomes more valuable when tariffs disrupt fresh produce imports and consumers retreat to pantry basics.

Earnings growth over the trailing 12 months came in at 134.8%, with fiscal 2026 Q3 earnings hitting $6.55 per share against $2.12 per share a year earlier. The stock trades at just 11.4 times earnings, cheaper than the broader consumer food sector, despite a beta of 0.03, meaning the stock's moves are almost entirely uncorrelated with the moves of the broader market. That kind of low-correlation, earnings-growing, all-time-high stock is rare.

The case for a 20-year investment here is simple: American consumers will always need canned vegetables, domestic processors will always have pricing power over foreign players, and Seneca is the largest independent operator in the space.

Today's Change

(

12.73

%) $

19.00

Current Price

$

168.21

Over a 20-year horizon, many of your portfolio's winners won't be the loudest stories, but the businesses embedded in everyday life. Spectrum Brands and Seneca Foods both operate in categories where demand is steady, repeatable, and tied to basic consumer needs rather than trends. If they execute, their combinations of durability, cash flow, and long-term tailwinds can turn these overlooked names into compound growth machines.

Key Takeaways Spectrum Brands' Global Pet Care sales rose 8.3% in Q1'26, with organic growth of 5.8%.Companion Animal and Aquatics segments post strong growth and share gains.Key brands like DreamBone and FURminator outperform despite category softness. Spectrum Brands Holdings, Inc. (SPB - Free Report)  reported that its Global Pet Care business, its largest and most profitable segment by adjusted EBITDA, returned to growth in the first quarter of fiscal 2026, marking a significant milestone. Key Companion Animal brands continued to outperform the market, delivering strong performance and further strengthening the company’s market share positions amid broader category improvements.

Brand performance remained strong across the marketplace, particularly in North America, where share gains were achieved in companion animal categories. Global Pet Care net sales rose 8.3%, with organic growth of 5.8%. Companion Animal sales grew in the high single digits, while Aquatics achieved low double-digit growth. In North America, both segments recorded sales increases. These gains were supported by ongoing brand-building investments made over recent months.

Key brands in the Companion Animal segment outperformed the market and gained share despite overall category softness. Brands such as Good n Fun, DreamBone, Nature’s Miracle, and FURminator are driving growth across Chews, Stain & Odor, and Grooming categories, reinforcing strong competitive positioning. Good Boy has also strengthened its position in the U.K. pet market, becoming the third-largest brand overall. Its expansion across Continental Europe is performing strongly, supporting continued momentum, with new product launches expected to drive growth and enhance the brand’s market presence.

Spectrum Brands remains optimistic for the remainder of the year, supported by its data-driven strategy of fewer, bigger, better initiatives, which are expected to generate higher returns. The company expects fiscal first-quarter sales trends to persist through the year, delivering modest growth in fiscal 2026 for its Global Pet Care business. Stable macroeconomic conditions, along with upcoming innovation and brand activation, are expected to support growth and market share gains.

Zacks Rundown for SPBSPB’s shares have surged 49.6% in the past six months compared with the industry’s growth of 12%. The company currently carries a Zacks Rank #2 (Buy).

Image Source: Zacks Investment Research

From a valuation standpoint, SPB trades at a forward price-to-earnings ratio of 16.02, higher than the industry’s average of 15.84X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SPB’s current fiscal-year earnings implies a year-over-year decline of 9.8%, and the same for the next fiscal-year earnings implies growth of 9.6%.

Image Source: Zacks Investment Research

Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:

Alto Ingredients, Inc. (ALTO - Free Report) produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. At present, the company flaunts a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Alto Ingredients’ current fiscal-year sales and earnings implies growth of 7.7% and 171.4%, respectively, from the year-ago figures. ALTO has delivered a trailing four-quarter earnings surprise of 319.2%, on average.

Interparfums, Inc. (IPAR - Free Report) manufactures, markets, and distributes a range of fragrances and fragrance-related products in the United States and internationally. At present, the company holds a Zacks Rank of 2.

The consensus estimate for Interparfums’ current fiscal-year sales and earnings implies a decline of 0.1% and 8%, respectively, from the year-ago figures. IPAR delivered a trailing four-quarter earnings surprise of 7.6%, on average.

Acme United Corporation (ACU - Free Report) supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets. ACU currently carries a Zacks Rank #2.

The Zacks Consensus Estimate for ACU's current fiscal-year sales and earnings implies growth of 13% and 27.3%, respectively, from the year-ago actuals. ACU delivered a trailing four-quarter negative earnings surprise of 13.5%, on average.

Posted by Defense World Staff on Apr 27th, 2026

Spectrum Brands Holdings Inc. (NYSE:SPB – Get Free Report) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $83.00.

Several equities research analysts have recently weighed in on SPB shares. Wells Fargo & Company raised their price objective on Spectrum Brands from $62.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Oppenheimer raised their price objective on Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings raised Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Royal Bank Of Canada set a $85.00 price target on Spectrum Brands in a research note on Friday, February 6th.

Read Our Latest Report on Spectrum Brands

Institutional Trading of Spectrum Brands Institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in Spectrum Brands by 14.5% during the 3rd quarter. American Century Companies Inc. now owns 2,052,850 shares of the company’s stock worth $107,836,000 after buying an additional 260,085 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Spectrum Brands by 88.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,618 shares of the company’s stock worth $1,188,000 after buying an additional 10,605 shares during the period. Rovida Advisors Inc. raised its holdings in Spectrum Brands by 1,140.4% during the 3rd quarter. Rovida Advisors Inc. now owns 60,000 shares of the company’s stock worth $3,150,000 after buying an additional 55,163 shares during the period. Callodine Capital Management LP grew its stake in Spectrum Brands by 26.7% during the 3rd quarter. Callodine Capital Management LP now owns 1,714,955 shares of the company’s stock valued at $90,087,000 after acquiring an additional 360,898 shares in the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in Spectrum Brands during the 3rd quarter valued at about $1,437,000.

Spectrum Brands Price Performance NYSE:SPB opened at $84.37 on Monday. The business’s 50-day moving average price is $77.29 and its 200 day moving average price is $66.05. The firm has a market cap of $1.96 billion, a P/E ratio of 19.48, a PEG ratio of 2.84 and a beta of 0.63. Spectrum Brands has a 52-week low of $49.99 and a 52-week high of $85.49. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.29.

Spectrum Brands (NYSE:SPB – Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.63. Spectrum Brands had a return on equity of 7.65% and a net margin of 3.76%.The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $667.59 million. During the same period in the previous year, the company earned $1.02 earnings per share. Spectrum Brands’s revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Spectrum Brands will post 4.9 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, February 17th. Spectrum Brands’s payout ratio is presently 43.42%.

Spectrum Brands Company Profile (Get Free Report)

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.

Read More Five stocks we like better than Spectrum Brands

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Key Takeaways Spectrum Brands expects Q2 revenues of $672.8M, down 0.43% year over year.Spectrum Brands EPS consensus $1.04, up 52.9% Y/Y; pricing offsets costs, but volumes stay pressured.Spectrum Brands: Pet Care grows on innovation and share gains; HPC softness and inventory cuts persist. Spectrum Brands Holdings, Inc. (SPB - Free Report) is expected to register a year-over-year decline in the top line when it reports second-quarter fiscal 2026 results on May 7, 2026, before the opening bell. The Zacks Consensus Estimate for SPB’s revenues is pegged at $672.8 million, indicating a drop of 0.43% from the year-ago quarter.

The consensus estimate for Spectrum Brands’ earnings per share (EPS) is pegged at $1.04 per share, indicating growth of 52.9% from the figure in the year-ago quarter. The consensus mark for EPS has been stable in the past 30 days.

In the last reported quarter, the company delivered an earnings surprise of 81.8%. SPB has recorded an earnings surprise of 67.6% in the trailing four quarters, on average.

Factors Likely to Influence SPB's Q1 ResultsSpectrum Brands’ second-quarter fiscal 2026 results are expected to reflect a challenging year-over-year comparison, primarily due to continued softness in consumer demand, especially within the Home & Personal Care (HPC) segment. Management has indicated that macroeconomic pressures and tariff-related pricing actions are still weighing on volumes, particularly in North America. While pricing initiatives have helped offset cost pressures, demand elasticity and reduced product offerings aimed at protecting profitability are likely to have constrained top-line growth in the quarter.

Another key factor shaping second-quarter performance is the ongoing weakness in global consumer sentiment for discretionary categories such as home appliances and personal care. The company expects these categories to remain under pressure, with only gradual normalization in demand trends. Additionally, inventory adjustments by retailers following weaker holiday sales may continue to impact replenishment orders, further limiting near-term sales recovery in HPC.

In contrast, the Global Pet Care segment is likely to have remained a relative bright spot in the second quarter. The business has already returned to growth in the first quarter, supported by strong brand performance, innovation and market share gains in companion animal categories. This momentum is expected to have continued into the second quarter, aided by improving POS trends and ongoing investments in brand-building and product innovation.

The Home & Garden segment, however, is expected to exhibit a more back-half-weighted recovery profile, which could limit second-quarter upside. Retailers are anticipated to have remained disciplined in inventory build, unlike the prior year’s early stocking patterns. Moreover, the seasonal nature of this business means that meaningful sales acceleration is likely to occur later in the quarter or into the second half, depending on weather conditions and consumer activity.

What Does the Zacks Model Predict for SPB Stock?Our proven model does not conclusively predict an earnings beat for Snap-on this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.

SPB has an Earnings ESP of -5.31% and a Zacks Rank of 2 at present. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Valuation PictureFrom a valuation perspective, Spectrum Brands has a forward 12-month price-to-earnings ratio of 15.96X, which is higher than the Zacks Consumer Products – Discretionary industry’s average of 14.88X. The stock has a five-year high of 57.40X. 

Image Source: Zacks Investment Research

The recent market movements show that SPB’s shares have gained 53.3% in the past six months compared with the industry's 11.3% growth.

Image Source: Zacks Investment Research

Stocks With the Favorable CombinationHere are some companies, which, according to our model, have the right combination of elements to post an earnings beat:

AMC Entertainment Holdings, Inc. (AMC - Free Report) currently has an Earnings ESP of +5.82% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for first-quarter 2026 revenues is pegged at $997.7 million, indicating 15.7% growth from the figure reported in the year-ago quarter. The consensus estimate for AMC Entertainment’s earnings is pegged at a loss of 32 cents per share, implying an 44.8% improvement from the year-ago quarter’s actual. AMC delivered an earnings surprise of 10% in the last quarter.

Marriott International Inc. (MAR - Free Report) currently has an Earnings ESP of +0.44% and a Zacks Rank of 3. MAR is likely to register a top-line increase when it reports first-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $6.59 billion, indicating a 5.3% rise from the figure reported in the prior-year quarter.

The consensus estimate for Marriott International’s earnings is pegged at $2.60 per share, implying 12.1% growth from the year-ago quarter’s actual. MAR delivered a negative earnings surprise of 2.3% in the last quarter.

Cintas Corporation (CTAS - Free Report) currently has an Earnings ESP of +1.14% and a Zacks Rank of 3. CTAS is likely to register a top-line increase when it reports fourth-quarter fiscal 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $2.88 billion, indicating a 7.8% rise from the figure reported in the prior-year quarter.

The consensus estimate for Cintas’s earnings is pegged at $1.24 per share, implying 13.8% growth from the year-ago quarter’s actual. CTAS delivered an earnings surprise of 0.8% in the fiscal third quarter.

MIDDLETON, Wis.--(BUSINESS WIRE)--Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today reported results from continuing operations for the second quarter of fiscal 2026 ended March 29, 2026.

"We are pleased with our results this quarter, where we returned to top-line growth for the first time since first quarter of fiscal 2025. Our key brands across Global Pet Care and Home & Garden continue to outperform the market driven by strong innovation and distribution gains. In Home & Personal Care, while net sales declined, adjusted EBITDA increased, demonstrating the positive impact of the actions taken over the past year. These results continue to reinforce the effectiveness of our strategic initiatives and the strength of our team. Looking forward, while we remain focused on the dynamic macroeconomic environment, our first half results represent meaningful progress for the full fiscal year. We are updating our earnings framework and increasing our Adjusted EBITDA expectation to low to mid single digit growth while maintaining our net sales expectation of flat to low single digit growth in fiscal 26,” said David Maura, Chairman and Chief Executive Officer of Spectrum Brands.

Mr. Maura continued, “On the strategic front, following quarter close, we entered into a partnership with Oaktree Capital Management on our Home & Personal Care business. The transaction includes a strategic $127 million cash investment from Oaktree Capital in the form of preferred equity and debt, and we will continue to own approximately 73% of the Appliances business. Upon closing, which is expected to occur later this month, the HPC subsidiaries will be designated as unrestricted subsidiaries with their own capital structure that is non-recourse to Spectrum Brands Holdings. We believe that a partnership with Oaktree Capital, who has a strong track record in disciplined capital allocation, validates our vision for creating value in our Appliances business through both organic and inorganic growth initiatives. Importantly, this transaction represents a meaningful step in our previously announced strategy of separating the HPC business from our Pet and Home & Garden businesses.”

Fiscal 2026 Second Quarter Highlights

Three Month Periods Ended

(in millions, except per share and %)

March 29, 2026

March 30, 2025

Variance

Net sales

$

708.9

$

675.7

$

33.2

4.9

%

Gross profit

270.3

253.4

16.9

6.7

%

Gross profit margin

38.1

%

37.5

%

60

bps

Operating income

43.5

19.5

24.0

123.1

%

Net income from continuing operations

22.5

1.8

20.7

n/m

Net income from continuing operations margin

3.2

%

0.3

%

290

bps

Diluted earnings per share from continuing operations

$

0.96

$

0.06

$

0.90

n/m

Non-GAAP Operating Metrics

Adjusted EBITDA from continuing operations

$

84.0

$

71.3

12.7

17.8

%

Adjusted EBITDA margin

11.8

%

10.6

%

120

bps

Adjusted EPS from continuing operations

$

1.25

$

0.68

$

0.57

83.8

%

Net sales increased 4.9% with an increase in organic net sales of 1.5%, which excludes the impact of $22.9 million of favorable foreign exchange rates. The net sales increase was primarily due to strong performance in Global Pet Care and Home and Garden with market share gains across key brands. External factors including favorable weather and strategic order accelerations by certain retailers also contributed. This was partially offset by consumer demand softness in Home and Personal Care across both North America and Europe. Gross profit and margin increased driven by pricing, cost improvement actions, and favorable foreign exchange partially offset by higher trade spend and higher tariff cost. Operating income increased due to the increase in gross profit and lower operating expenses. Net income from continuing operations and diluted earnings per share increased driven by higher operating income. Diluted earnings per share also benefited from a lower share count. Adjusted EBITDA increased 17.8% and adjusted EBITDA margin increased 120 basis points driven by improved gross margins. Adjusted diluted EPS increased to $1.25 due to higher adjusted EBITDA and a reduction to shares outstanding. Fiscal 2026 Second Quarter Segment Level Data

Global Pet Care (GPC)

Three Month Periods Ended

(in millions, except %)

March 29, 2026

March 30, 2025

Variance

Net sales

$

299.3

$

269.2

$

30.1

11.2

%

Adjusted EBITDA

56.8

50.0

6.8

13.6

%

Adjusted EBITDA margin

19.0

%

18.6

%

40

bps

Net sales increased 11.2%. Excluding favorable foreign currency impacts, organic net sales increased 7.6%. Reported net sales in Companion Animal increased low double digits while sales in Aquatics increased mid single digits. North American net sales increased primarily driven by market share gains across Companion Animal brands and E-commerce channel strength. Organic net sales in EMEA increased across both categories due to continued brand strength and expanded distribution as well as a strategic acceleration of orders by certain retailers in advance of the SAP S4/HANA ERP implementation.

Adjusted EBITDA of $56.8 million increased from $50.0 million in the prior year, and adjusted EBITDA margins were 19.0% compared to 18.6% in the prior year. The increase in adjusted EBITDA and margin is due to higher sales volume, pricing and cost improvement actions partially offset by higher tariff cost and additional trade and investment spend.

Home & Garden (H&G)

Three Month Periods Ended

(in millions, except %)

March 29, 2026

March 30, 2025

Variance

Net sales

$

169.5

$

152.3

$

17.2

11.3

%

Adjusted EBITDA

34.8

26.7

8.1

30.3

%

Adjusted EBITDA margin

20.5

%

17.5

%

300

bps

Net sales increased 11.3% and organic net sales increased 11.2% due to favorable weather conditions positively impacting POS and retailer order patterns, with above-market growth across key brands.

Adjusted EBITDA of $34.8 million increased from $26.7 million in the prior year and adjusted EBITDA margins of 20.5% increased from 17.5% in the prior year primarily due to higher sales volume, productivity improvements and operational efficiencies partially offset by higher trade spend and unfavorable mix.

Home & Personal Care (HPC)

Three Month Periods Ended

(in millions, except %)

March 29, 2026

March 30, 2025

Variance

Net sales

$

240.1

$

254.2

$

(14.1

)

(5.5

)%

Adjusted EBITDA

8.1

7.3

0.8

11.0

%

Adjusted EBITDA margin

3.4

%

2.9

%

50

bps

Net sales decreased 5.5%. Excluding favorable foreign currency impacts, organic net sales decreased 10.7%. Reported net sales in Personal Care were down low single digits and net sales in Home Appliances were down high single digits. Excluding the favorable impact of foreign currency, organic net sales in EMEA declined across both Home Appliances and Personal Care, impacted by elevated levels of inventory at a key retailer following soft consumer demand amid increased competition. LATAM organic net sales increased mid single digits due to sustained growth in Personal Care. North American net sales percent declined in the mid teens, primarily driven by lower volumes in light of increased product cost from higher tariffs and customer inventory management actions to address pockets of excess inventory.

Adjusted EBITDA was $8.1 million compared to $7.3 million in the prior year, and adjusted EBITDA margins increased to 3.4% compared to 2.9% last year, driven by pricing, reduced investment spend, cost improvement initiatives and favorable foreign exchange partially offset by lower volumes and higher tariff costs.

Liquidity and Debt

As of the end of the quarter, the Company had a cash balance of $125.1 million and total liquidity of $595.9 million, including undrawn capacity on its cash flow revolver of $470.8 million. The Company also had $599.7 million of debt outstanding, with $24.0 million of outstanding borrowings on the revolver, senior unsecured notes of $496.1 million and finance leases of $79.6 million. The Company ended the quarter with net debt of $474.6 million.

Fiscal 2026 Earnings Framework

The Company expects to deliver flat to low single digit growth in reported net sales in fiscal 2026. Fiscal 2026 adjusted EBITDA is expected to increase by low single digits. Adjusted free cash flow is expected to be approximately 50% of adjusted EBITDA.

The Company continues to target a long-term net leverage ratio of 2.0 - 2.5 times.

Conference Call/Webcast Scheduled for 9:00 A.M. Eastern Time Today

Spectrum Brands will host an earnings conference call and webcast at 9:00 a.m. Eastern Time today, May 7, 2026. The live webcast and related presentation slides will be available by visiting the Event Calendar page in the Investor Relations section of Spectrum Brands' website at www.spectrumbrands.com. Participants may register here. Instructions will be provided to ensure the necessary audio applications are downloaded and installed. Users can obtain these at no charge.

A replay of the live broadcast will be accessible through the Event Calendar page in the Investor Relations section of the Company’s website.

About Spectrum Brands Holdings, Inc.

Spectrum Brands is a home-essentials company with a mission to make living better at home. We focus on delivering innovative products and solutions to consumers for use in and around the home through our trusted brands. We are a leading supplier of specialty pet supplies, lawn and garden and home pest control products, personal insect repellents, shaving and grooming products, personal care products, and small household appliances. Helping to meet the needs of consumers worldwide, we offer a broad portfolio of market-leading, well-known and widely trusted brands including Tetra®, DreamBone®, SmartBones®, Nature’s Miracle®, 8-in-1®, FURminator®, Healthy-Hide®, Good Boy®, Meowee!®, OmegaOne®, Spectracide®, Cutter®, Repel®, Hot Shot®, Rejuvenate®, Black Flag®, Liquid Fence®, Remington®, George Foreman®, Russell Hobbs®, Black + Decker®, PowerXL®, Emeril Lagasse®, and Copper Chef®. For more information, please visit www.spectrumbrands.com. Spectrum Brands – A Home Essentials Company™

Non-GAAP Measurements

Our consolidated results contain non-GAAP metrics such as organic net sales, adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and adjusted Free Cash Flow. While we believe organic net sales and adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and adjusted Free Cash Flow are useful supplemental information, such adjusted results are not intended to replace our financial results in accordance with Accounting Principles Generally Accepted in the United States (“GAAP”) and should be read in conjunction with those GAAP results.

Organic Net Sales - We define organic net sales as net sales excluding the effect of changes in foreign currency exchange rates and impact from acquisitions (where applicable). We believe this non-GAAP measure provides useful information to investors because it reflects regional and operating segment performance from our activities without the effect of changes in currency exchange rates and acquisitions. We use organic net sales as one measure to monitor and evaluate our regional and segment performance. Organic growth is calculated by comparing organic net sales to net sales in the prior year. The effect of changes in currency exchange rates is determined by translating the current period net sales using the currency exchange rates that were in effect during the prior comparative period. Net sales are attributed to the geographic regions based on the country of destination. We exclude net sales from acquired businesses in the current year for which there are no comparable sales in the prior period.

Adjusted EBITDA and Adjusted EBITDA Margin - Adjusted EBITDA and adjusted EBITDA margin are non-GAAP metrics used by management, which we believe are useful to investors to measure the operational strength and performance of our business. These metrics provide investors additional information about our operating profitability for certain non-cash items, non-routine items we do not expect to continue at the same level in the future, as well as other items not core to our continuing operations. By providing these measures, together with a reconciliation of the most directly comparable GAAP measure, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives, as securities analysts and other interested parties use such calculations as a measure of financial performance and debt service capabilities, and they are regularly used by management and our Board of Directors for internal purposes in evaluating our business performance, making budgeting decisions, and comparing our performance against other peer companies using similar measures. They facilitate comparisons between peer companies since interest, taxes, depreciation, and amortization can differ greatly between organizations as a result of differing capital structures and tax strategies. Adjusted EBITDA is also used for determining compliance with the Company’s debt covenants. EBITDA is calculated by excluding the Company’s income tax expense, interest expense, depreciation expense and amortization expense (from intangible assets) from net income from continuing operations. Adjusted EBITDA also excludes certain non-cash adjustments including share based compensation; impairment charges on property, plant and equipment, right of use lease assets, and goodwill and other intangible assets; gain or loss from the early extinguishment of debt; and purchase accounting adjustments recognized in income subsequent to an acquisition attributable to the step-up in value on assets acquired. Additionally, the Company will further recognize adjustments from adjusted EBITDA for other costs, gains and losses that are considered significant, non-recurring, or otherwise not supporting the continuing operations and revenue generating activity of the segment or Company, including but not limited to, exit and disposal activities, or incremental costs associated with strategic transactions, restructuring and optimization initiatives such as the acquisition or divestiture of a business, related integration or separation costs, or the development and implementation of strategies to optimize or restructure the Company and its operations. Adjusted EBITDA margin is adjusted EBITDA as a percentage of reported net sales.

Adjusted EPS - Management uses adjusted EPS as one means of analyzing the Company’s current and future financial performance and identifying trends in its financial condition and results of operations. Management believes that adjusted EPS is a useful measure for providing further insight into our operating performance because it eliminates the effects of certain items that are not comparable from one period to the next. By providing these measures, together with a reconciliation of the most directly comparable GAAP measure, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives, as securities analysts and other interested parties use such calculations as a measure of financial performance, and they are regularly used by management and our Board of Directors for internal purposes in evaluating our business performance, making budgeting decisions, and comparing our performance against other peer companies using similar measures. Adjusted EPS is calculated by excluding the effect of certain adjustments from diluted EPS, including non-cash adjustments including impairment charges on property, plant and equipment, operating and finance lease assets, and goodwill and other intangible assets; gain or loss from the early extinguishment of debt; and purchase accounting adjustments recognized in income subsequent to an acquisition attributable to the step-up in value on assets acquired. Additionally, the Company will further recognize adjustments from diluted EPS for other costs, gains and losses that are considered significant, non-recurring, or otherwise not supporting the continuing operations and revenue generating activity of the segment or Company, including but not limited to, exit and disposal activities, or incremental costs associated with strategic transactions, restructuring and optimization initiatives such as the acquisition or divestiture of a business, related integration or separation costs, or the development and implementation of strategies to optimize or restructure the Company and its operations. Adjusted EPS is further impacted by the effect on the income tax provision from adjustments made to reported diluted EPS.

Adjusted Free Cash Flow - Management uses adjusted free cash flow as a means of analyzing the Company's operating results and evaluating cash flow generation from its revenue generating activities, excluding certain cash flow activity associated with strategic transactions and other costs and receipts attributable to non-recurring events. Management believes that adjusted free cash flow is a useful measure in understanding cash flow conversion associated with the Company's operations that is available for acquisitions and other investments, service of debt, dividends and share repurchases and meetings its working capital requirements. By providing these measures, together with a reconciliation of the most directly comparable GAAP measure, we believe we are enhancing investors' understanding of our business, as well as assisting investors in evaluating how well we are generating cash flow from operations, as securities analysts and other interested parties use such calculations as a measure of financial performance, and they are regularly used by management and our Board of Directors for internal purposes in evaluating our business performance, making budgeting decisions, and comparing our performance against other peer companies using similar measures. Free cash flow is calculated by excluding capital expenditures from cash flow provided (used) by operating activities and further adjusted for non-operating strategic transaction costs and other non-recurring or unusual cash flow activity that would otherwise be considered operating cash flow under US GAAP. Cash flow conversion is adjusted free cash flow as a percentage of adjusted EBITDA.

The Company provides this information to investors to assist in comparisons of past, present and future operating results and to assist in highlighting the results of on-going operations. While the Company’s management believes that non-GAAP measurements are useful supplemental information, such adjusted results are not intended to replace the Company’s GAAP financial results and should be read in conjunction with those GAAP results. Other Supplemental Information has been provided to demonstrate reconciliation of non-GAAP measurements discussed above to most relevant GAAP financial measurements.

Forward-Looking Statements

We have made or implied certain forward-looking statements in this document. Statements or expectations regarding our business and M&A strategy, macroeconomic headwinds, U.S. trade policy, our use of share repurchase plans, ERP platform transformation and productivity expectations, evaluating acquisition targets and entering into strategic partnerships, earnings framework, future operations and operating model, financial condition, estimated revenues, projected costs, inventory management, supply chain and supply chain relocation efforts, earnings power, project synergies, prospects, plans and strategic objectives of management, the geopolitical environment, and information concerning expected actions of third parties are forward-looking statements. When used in this report, the words future, anticipate, pro forma, seek, intend, plan, envision, estimate, believe, belief, expect, project, forecast, outlook, earnings framework, goal, target, could, would, will, can, should, may and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

Because these forward-looking statements are based upon our current expectations of future events and projections and are subject to a number of risks and uncertainties, many of which are beyond our control and some of which may change rapidly, actual results or outcomes may differ materially from those expressed or implied herein, and you should not place undue reliance on these statements. Important factors that could cause our actual results to differ materially from those expressed or implied herein include, without limitation: (1) the economic, social and political conditions, civil unrest, terrorist attacks, acts of war, natural disasters or other public health concerns in the U.S. or the international markets that impact our business, customers, employees (including our ability to retain and attract key personnel), manufacturing facilities, suppliers, capital markets or financial condition and results of operations, which may amplify the other risks and uncertainties we face; (2) the number of local, regional and global uncertainties could negatively impact our business; (3) the negative effect of the Russia-Ukraine war, the Israel-Hamas war, and the U.S.-Iran war and their impact on those regions and surrounding regions, including the Middle East and disruptions to international trade, supply chain and shipping routes and pricing, and on our operations and those operations of our customers, suppliers and other stakeholders; (4) our reliance on third-party partners, suppliers and distributors that are outside our control to achieve our business objectives; (5) the impact of government intervention with or influence on the operations of our suppliers, including in China; (6) the impact of expenses resulting from the implementation of new business strategies, divestitures or current and proposed restructuring and optimization activities, including changes in inventory and distribution center changes which are complicated and involve coordination among a number of stakeholders, including our suppliers and transportation and logistics handlers; (7) the impact of our indebtedness and financial leverage position on our business, financial condition and results of operations; (8) the impact of restrictions in our debt instruments on our ability to operate our business, finance our capital needs or pursue or expand business strategies; (9) any failure to comply with financial covenants and other provisions and restrictions of our debt instruments; (10) the effects of interest rate fluctuations or general economic conditions, including the impact of, uncertainty around and changes to, tariffs and trade policies, including the tariffs and trade agreements announced by the Trump Administration in 2025, the tariff refunds announced in 2026 and any further changes and that may be announced in the future, tariff mitigation efforts (including supply chain relocation efforts), inflation, recession or fears of a recession, depression or fears of a depression, labor costs and stock market volatility or monetary or fiscal policies in the countries where we do business; (11) the impact of fluctuations in transportation and shipment costs, fuel costs, commodity prices, costs or availability of raw materials or terms and conditions available from suppliers, including suppliers’ willingness to advance credit; (12) changes in foreign currency exchange rates that may impact our purchasing power, pricing and margin realization within international jurisdictions; (13) the loss of, significant reduction in, or dependence upon, sales to any significant retail customer(s), including their changes in retail inventory levels and management thereof; (14) competitive promotional activity or spending by competitors, or price reductions by competitors; (15) the introduction of new product features or technological developments by competitors and/or the development of new competitors or competitive brands, including via private label manufacturers; (16) changes in consumer spending preferences, shopping trends, and demand for our products, particularly in light of economic stress; (17) our ability to develop and successfully introduce new products, protect intellectual property and avoid infringing the intellectual property of third parties; (18) our ability to successfully identify, implement, achieve and sustain productivity improvements, cost efficiencies (including at our manufacturing and distribution operations) and cost savings; (19) the seasonal nature of sales of certain of our products; (20) the impact weather conditions may have on the sales of certain of our products; (21) our ability to respond to unusual weather activity, natural disasters and pandemics; (22) the cost and effect of unanticipated legal, tax or regulatory proceedings or new laws or regulations (including environmental, public health and consumer protection regulations); (23) our ability to use social media platforms as effective marketing tools and to manage negative commentary regarding us, and the impact of rules governing the use of e-commerce and social media; (24) public perception regarding the safety of products that we manufacture and sell, including the potential for environmental liabilities, product liability claims, litigation and other claims related to products manufactured by us and third parties; (25) the impact of existing, pending or threatened litigation, government regulation or other requirements or operating standards applicable to our business; (26) the impact of cybersecurity breaches or our actual or perceived failure to protect company and personal data, including our failure to comply with new and increasingly complex global data privacy regulations; (27) changes in accounting policies applicable to our business; (28) our discretion to adopt, conduct, suspend or discontinue any share repurchase program or conduct any debt repayments, redemptions, repurchases or refinancing transactions (including our discretion to conduct purchases or repurchases, if any, in a variety of manners including open-market purchases, privately negotiated transactions, tender offers, redemptions, or otherwise); (29) our ability to utilize net operating loss carry-forwards to offset tax liabilities; (30) our ability to separate the Company’s HPC business and create an independent Global Appliances business on expected terms, and within the anticipated time period, or at all, and to realize the potential benefits of such business; (31) our ability to create a pure play consumer products company composed of our GPC and H&G businesses and to realize the expected benefits of such creation, and within the anticipated time period, or at all; (32) our ability to successfully implement and realize the benefits of acquisitions or dispositions and the impact of any such transactions on our financial performance; (33) the impact of actions taken by significant shareholders; (34) the unanticipated loss of key members of senior management and the transition of new members of our management teams to their new roles; and (35) the other risk factors set forth in Spectrum Brands Holdings, Inc. 2025 Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and the other filings within the U.S. Securities and Exchange Commission (the "SEC").

Some of the above-mentioned factors are described in further detail in the sections entitled Risk Factors in our annual and quarterly reports (including this report), as applicable. You should assume the information appearing in this report is accurate only as of the date hereof, or as otherwise specified, as our business, financial condition, results of operations and prospects may have changed since that date. Except as required by applicable law, including the securities laws of the U.S. and the rules and regulations of the SEC, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.

SPECTRUM BRANDS HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

  Three Month Periods Ended

Six Month Periods Ended

(in millions, except per share amounts)

March 29, 2026

March 30, 2025

March 29, 2026

March 30, 2025

Net sales

$

708.9

$

675.7

$

1,385.9

$

1,375.9

Cost of goods sold

438.6

422.3

874.0

864.7

Gross profit

270.3

253.4

511.9

511.2

Selling, general & administrative

226.8

218.2

441.3

431.3

Impairment of intangible assets

—

15.7

—

15.7

Total operating expenses

226.8

233.9

441.3

447.0

Operating income

43.5

19.5

70.6

64.2

Interest expense

7.3

7.5

14.1

13.7

Interest income

(0.5

)

(0.4

)

(1.1

)

(3.0

)

Other non-operating (income) expense, net

(0.1

)

1.0

0.3

5.7

Income from continuing operations before income taxes

36.8

11.4

57.3

47.8

Income tax expense

14.3

9.6

5.4

21.4

Net income from continuing operations

22.5

1.8

51.9

26.4

Loss from discontinued operations, net of tax

(0.4

)

(0.6

)

(1.4

)

(1.4

)

Net income

22.1

1.2

50.5

25.0

Net income from continuing operations attributable to non-controlling interest

—

0.3

—

0.6

Net income attributable to controlling interest

$

22.1

$

0.9

$

50.5

$

24.4

Amounts attributable to controlling interest

Net income from continuing operations attributable to controlling interest

$

22.5

$

1.5

$

51.9

$

25.8

Loss from discontinued operations attributable to controlling interest, net of tax

(0.4

)

(0.6

)

(1.4

)

(1.4

)

Net income attributable to controlling interest

$

22.1

$

0.9

$

50.5

$

24.4

Earnings Per Share

Basic earnings per share from continuing operations

$

0.97

$

0.06

$

2.22

$

0.96

Basic earnings per share from discontinued operations

(0.02

)

(0.03

)

(0.06

)

(0.06

)

Basic earnings per share

$

0.95

$

0.03

$

2.16

$

0.90

Diluted earnings per share from continuing operations

$

0.96

$

0.06

$

2.22

$

0.95

Diluted earnings per share from discontinued operations

(0.02

)

(0.03

)

(0.06

)

(0.05

)

Diluted earnings per share

$

0.94

$

0.03

$

2.16

$

0.90

Weighted Average Shares Outstanding

Basic

23.2

26.1

23.3

27.0

Diluted

23.3

26.2

23.4

27.1

SPECTRUM BRANDS HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)

  Six Month Periods Ended

(in millions)

March 29, 2026

March 30, 2025

Cash flows from operating activities

Net cash provided (used) by operating activities from continuing operations

$

77.9

$

(48.6

)

Net cash used by operating activities from discontinued operations

(0.3

)

(0.7

)

Net cash provided (used) by operating activities

77.6

(49.3

)

Cash flows from investing activities

Purchases of property, plant and equipment

(17.4

)

(15.1

)

Other investing activity

—

(0.1

)

Net cash used by investing activities

(17.4

)

(15.2

)

Cash flows from financing activities

Payment of debt and debt premium

(6.2

)

(5.1

)

Proceeds from issuance of debt

24.0

83.0

Payment of debt issuance costs

—

(0.1

)

Dividends paid to shareholders

(21.8

)

(25.3

)

Dividends paid by subsidiary to non-controlling interest

—

(0.7

)

Treasury stock purchases

(42.3

)

(232.8

)

Excise tax paid on net share repurchases

(3.2

)

(9.7

)

Share based award tax withholding payments, net of proceeds upon vesting

(8.5

)

(4.4

)

Other financing activity

—

0.1

Net cash used by financing activities

(58.0

)

(195.0

)

Effect of exchange rate changes on cash and cash equivalents

(0.8

)

(12.8

)

Net change in cash, cash equivalents and restricted cash

1.4

(272.3

)

Cash, cash equivalents, and restricted cash, beginning of period

127.2

370.5

Cash, cash equivalents, and restricted cash, end of period

$

128.6

$

98.2

SPECTRUM BRANDS HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited)

  (in millions)

March 29, 2026

September 30,
2025

Assets

Cash and cash equivalents

$

125.1

$

123.6

Trade receivables, net

560.5

521.7

Other receivables

58.9

50.9

Inventories

487.1

446.1

Prepaid expenses and other current assets

40.3

41.9

Total current assets

1,271.9

1,184.2

Property, plant and equipment, net

242.5

255.0

Operating lease assets

118.6

73.5

Deferred charges and other

61.2

62.5

Goodwill

865.4

866.8

Intangible assets, net

914.3

937.6

Total assets

$

3,473.9

$

3,379.6

Liabilities and Shareholders' Equity

Current portion of long-term debt

$

12.0

$

11.7

Accounts payable

348.7

283.7

Accrued wages and salaries

42.8

50.2

Accrued interest

4.9

4.5

Income tax payable

17.2

21.2

Short-term operating lease liabilities

20.9

31.8

Other current liabilities

107.8

120.1

Total current liabilities

554.3

523.2

Long-term debt, net of current portion

575.9

556.2

Long-term operating lease liabilities

116.7

54.5

Deferred income taxes

136.8

136.6

Uncertain tax benefit obligation

171.9

180.3

Other long-term liabilities

17.6

19.1

Total liabilities

1,573.2

1,469.9

Shareholders' equity

1,900.7

1,909.7

Total liabilities and shareholders' equity

$

3,473.9

$

3,379.6

SPECTRUM BRANDS HOLDINGS, INC.

OTHER SUPPLEMENTAL INFORMATION (Unaudited)

NET SALES AND ORGANIC NET SALES The following is a summary of net sales by segment for the three and six month periods ended March 29, 2026 and March 30, 2025, respectively.

  (in millions, except %)

Three Month Periods Ended

Six Month Periods Ended

March 29, 2026

March 30, 2025

Variance

March 29, 2026

March 30, 2025

Variance

GPC

$

299.3

$

269.2

$

30.1

11.2

%

$

580.9

$

529.2

$

51.7

9.8

%

H&G

169.5

152.3

17.2

11.3

%

243.4

244.4

(1.0

)

(0.4

)%

HPC

240.1

254.2

(14.1

)

(5.5

)%

561.6

602.3

(40.7

)

(6.8

)%

Net Sales

$

708.9

$

675.7

33.2

4.9

%

$

1,385.9

$

1,375.9

10.0

0.7

%

The following is a reconciliation of reported sales to organic sales for the three and six month periods ended March 29, 2026 compared to reported net sales for the three and six month periods ended March 30, 2025, respectively.

March 29, 2026

Net Sales

March 30, 2025

Three Month Periods Ended

(in millions, except %)

Net Sales

Effect of Changes in Foreign Currency

Organic Net Sales

Variance

GPC

$

299.3

$

(9.7

)

$

289.6

$

269.2

$

20.4

7.6

%

H&G

169.5

(0.1

)

169.4

152.3

17.1

11.2

%

HPC

240.1

(13.1

)

227.0

254.2

(27.2

)

(10.7

)%

Total

$

708.9

$

(22.9

)

$

686.0

$

675.7

10.3

1.5

%

March 29, 2026

Net Sales

March 30, 2025

Six Month Periods Ended

(in millions, except %)

Net Sales

Effect of Changes in Foreign Currency

Organic Net Sales

Variance

GPC

$

580.9

$

(16.1

)

$

564.8

$

529.2

$

35.6

6.7

%

H&G

243.4

(0.1

)

243.3

244.4

(1.1

)

(0.5

)%

HPC

561.6

(25.2

)

536.4

602.3

(65.9

)

(10.9

)%

Total

$

1,385.9

$

(41.4

)

$

1,344.5

$

1,375.9

(31.4

)

(2.3

)%

SPECTRUM BRANDS HOLDINGS, INC.

OTHER SUPPLEMENTAL INFORMATION (Unaudited)

  ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN The following is a reconciliation of reported net income from continuing operations to adjusted EBITDA and adjusted EBITDA margin for the three and six month periods ended March 29, 2026 and March 30, 2025, respectively.

Three Month Periods Ended

Six Month Periods Ended

(in millions, except %)

March 29, 2026

March 30, 2025

March 29, 2026

March 30, 2025

Net income from continuing operations

$

22.5

$

1.8

51.9

26.4

Income tax expense

14.3

9.6

5.4

21.4

Interest expense

7.3

7.5

14.1

13.7

Depreciation

13.9

14.0

29.5

28.0

Amortization

10.3

10.5

20.5

21.0

Share based compensation

6.0

5.2

10.3

9.9

Non-cash impairment charges

—

15.7

0.5

15.7

Exit and disposal costs

3.8

3.5

4.9

4.0

Global ERP transformation1

2.4

2.3

4.8

4.8

Litigation costs2

0.7

0.8

1.6

1.6

Other3

2.8

0.4

3.1

2.6

Adjusted EBITDA

$

84.0

$

71.3

$

146.6

$

149.1

Net sales

$

708.9

$

675.7

$

1,385.9

$

1,375.9

Net income from continuing operations margin

3.2

%

0.3

%

3.7

%

1.9

%

Adjusted EBITDA margin

11.8

%

10.6

%

10.6

%

10.8

%

SPECTRUM BRANDS HOLDINGS, INC.

OTHER SUPPLEMENTAL INFORMATION (Unaudited)

ADJUSTED DILUTED EPS The following is a reconciliation of reported diluted EPS from continuing operations to adjusted diluted EPS from continuing operations for the three and six month periods ended March 29, 2026 and March 30, 2025, respectively.

  Three Month Periods Ended

Six Month Periods Ended

(per share amounts)

March 29, 2026

March 30, 2025

March 29, 2026

March 30, 2025

Diluted EPS from continuing operations

$

0.96

$

0.06

$

2.22

$

0.95

Adjustments:

Non-cash impairment charges

—

0.60

0.02

0.58

Exit and disposal costs

0.16

0.14

0.21

0.15

Global ERP transformation1

0.11

0.09

0.20

0.18

Litigation costs2

0.03

0.03

0.07

0.05

Other3

0.11

0.01

0.13

0.10

Pre-tax adjustments

0.41

0.87

0.63

1.06

Tax impact of adjustments4

(0.12

)

(0.25

)

(0.20

)

(0.30

)

Net adjustments

0.29

0.62

0.43

0.76

Diluted EPS from continuing operations, as adjusted

$

1.25

$

0.68

$

2.65

$

1.71

SPECTRUM BRANDS HOLDINGS, INC.

OTHER SUPPLEMENTAL INFORMATION (Unaudited)

ADJUSTED FREE CASH FLOW The following is a reconciliation of reported operating cash flow from continuing operations to adjusted free cash flow for the six month periods ended March 29, 2026 and March 30, 2025, respectively.

  Six Month Periods Ended

(in millions)

March 29, 2026

March 30, 2025

Net cash provided by operating activities from continuing operations

$

77.9

$

(48.6

)

Purchases of property, plant and equipment

(17.4

)

(15.1

)

Free cash flow

60.5

(63.7

)

Deal transaction costs1

—

5.9

Other2

0.1

(0.6

)

Adjusted free cash flow

$

60.6

$

(58.4

)

More News From Spectrum Brands Holdings, Inc.

For the quarter ended March 2026, Spectrum Brands (SPB - Free Report) reported revenue of $708.9 million, up 4.9% over the same period last year. EPS came in at $1.25, compared to $0.68 in the year-ago quarter.

The reported revenue represents a surprise of +5.37% over the Zacks Consensus Estimate of $672.8 million. With the consensus EPS estimate being $1.04, the EPS surprise was +20.77%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Spectrum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Home & Personal Care (HPC): $240.1 million versus $240.2 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.6% change.Net Sales- Home & Garden (H&G): $169.5 million versus the two-analyst average estimate of $153.45 million. The reported number represents a year-over-year change of +11.3%.Net Sales- Global Pet Care (GPC): $299.3 million versus $279.3 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.2% change.View all Key Company Metrics for Spectrum here>>>

Shares of Spectrum have returned +8.1% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Spectrum Brands Holdings, Inc. (SPB) Q2 2026 Earnings Call Transcript

Superior Plus Corp. (SPB:CA) Shareholder/Analyst Call Prepared Remarks Transcript

On May 22, 2026, Spectrum Brands Holdings Inc (SPB) shares rose 3.7% today, reaching a current price of $78.35. The stock has experienced a 52-week range of $49