Track market-moving stories before they get noisy

Key Takeaways SPB's Q3 net sales rose 7.7%, while organic sales increased 6.6% across all three businesses.Innovation in Pet Care and Home & Garden is expanding distribution and strengthening the product pipeline.Digital commerce, ERP upgrades and cost initiatives aim to improve efficiency and strengthen profitability. Spectrum Brands Holdings, Inc. (SPB - Free Report) is strengthening its growth strategy by investing in innovation, consumer-led marketing, digital commerce and operational capabilities. The company is focused on improving the commercial health of its businesses while maintaining financial discipline. In the third quarter of fiscal 2026, net sales increased 7.7%, while organic net sales rose 6.6%, with all three businesses delivering growth.

Innovation remains a key component of Spectrum Brands’ growth strategy, particularly across its Global Pet Care and Home & Garden businesses. Management is emphasizing fewer, bigger and bolder innovations designed around consumer needs. Home & Garden has benefited from products such as Wasp and Hornet Traps and Flying Insect Traps, which have gained broader distribution after successful launches. The company is also continuing to strengthen its research and development capabilities and add talent to support its innovation pipeline.

Spectrum Brands is also expanding its digital and e-commerce capabilities to improve consumer engagement and strengthen routes to market. Global Pet Care recently launched TikTok Shops for its Good 'n' Fun and DreamBone brands, while the Home & Personal Care business launched a TikTok Shop in the United States featuring Remington. The company is also expanding direct-to-consumer capabilities in Europe and using targeted digital marketing and advertising to build brand awareness and reach younger consumers.

Operational efficiency is another important pillar of the company's strategy. Spectrum Brands has made significant progress on its multiyear S/4HANA ERP transformation, with all Global Pet Care and Home & Garden businesses and all but the EMEA portion of Home & Personal Care now operating on a unified ERP platform. Management expects the technology platform to provide a foundation for standardized processes, greater efficiency and improved operational performance. The company is also maintaining disciplined working-capital and capital-expenditure management, supporting adjusted free cash flow generation. SPB is simultaneously working to strengthen profitability through pricing, productivity and cost-improvement initiatives.

Overall, Spectrum Brands is focused on building a stronger and more commercially effective portfolio by investing in innovation, consumer insights, digital channels and operational capabilities. Global Pet Care and Home & Garden remain the primary growth engines, supported by brand strength, market-share gains and new product development. At the same time, the company's partnership with Oaktree provides an opportunity to develop new growth pillars and explore ways to maximize value within Home & Personal Care.

SPB’s Price Performance, Valuation and EstimatesSpectrum Brands’ shares have gained 17.1% in the past six months compared with the industry’s 5.4% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, SPB trades at a forward price-to-earnings ratio of 15.32X compared with the industry’s average of 14.36X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SPB’s fiscal 2026 earnings per share (EPS) indicates a year-over-year rise of 17.5%, while that of fiscal 2027 EPS shows decline of 11.1%. The company’s EPS estimate for fiscal 2026 and fiscal 2027 has increased in the past 30 days. 

Image Source: Zacks Investment Research

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

Key Picks in the Consumer Discretionary Space Duluth 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 122.5%, on average. The Zacks Consensus Estimate for DLTH’s current financial-year EPS indicates a rise of 18.6% from the year-ago number.

Columbia Sportswear (COLM - Free Report) , engages in marketing and distribution of outdoor and active lifestyle apparel, footwear and accessories, and currently carries a Zacks Rank #2 (Buy).

The Zacks Consensus Estimate for COLM’s current financial-year sales is expected to rise 1.9% from the corresponding year-ago reported figure. COLM delivered a trailing four-quarter earnings surprise of 36%, on average.

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

RL delivered a trailing four-quarter earnings surprise of 8.7%, on average. The Zacks Consensus Estimate for Ralph Lauren’s current financial-year sales indicates growth of 7.6% from the year-ago number.

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Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Stock to Watch: Spectrum Brands (SPB - Free Report) Spectrum Brands Holdings, Inc. is a global consumer products company. It offers a portfolio of leading brands in several product categories like residential locksets, plumbing, electric shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products and repellents.

SPB is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Consumer Discretionary stock. SPB has a Momentum Style Score of A, and shares are up 0.7% over the past four weeks.

For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.02 to $6.38 per share. SPB boasts an average earnings surprise of +107.1%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, SPB should be on investors' short list.

Spectrum Brands Holdings remains a buy as operational momentum and cash flow strength offset a one-time net income hit. SPB's Home & Garden and Global Pet Care segments drove revenue and EBITDA growth, with strong volume and pricing dynamics. Management guides for flat-to-low-single-digit revenue growth and mid-single-digit EBITDA growth, targeting improved profitability despite decelerating sales.

Spectrum Brands Holdings Inc (NYSE:SPB) on Friday reported better-than-expected third-quarter financial results.

Spectrum Brands posted third-quarter adjusted EPS of $2.79, beating market estimates of $1.47. The company’s sales came in at $753.300 million, versus estimates of $735.500 million.

“We are pleased with our results this quarter, with all three businesses delivering top-line growth, highlighted by a record-setting quarter in our Home & Garden business. Across both Global Pet Care and Home & Garden, our categories benefited from solid underlying demand, and our key brands continued to outperform the market. In Home & Personal Care, while results remain impacted by soft consumer demand, we are seeing encouraging signs of stabilization in North America, and our key brands in Latin America continue to perform well. Our focus on profitability is reflected in our results, with each segment delivering Adjusted EBITDA growth. Importantly, the strength of our earnings performance was driven by operational execution and business fundamentals, independent of the benefit from IEEPA tariff refunds. These tariff refunds represent a recovery of prior losses which will allow us to invest back into our businesses for overall long term health,” said David Maura, Chairman and Chief Executive Officer of Spectrum Brands.

Spectrum Brands shares fell 3.9% to trade at $86.60 on Monday.

These analysts made changes to their price targets on Spectrum Brands following earnings announcement.

Canaccord Genuity analyst Brian McNamara maintained the stock with a Buy and raised the price target from $99 to $110. RBC Capital analyst Nik Modi downgraded the stock from Outperform to Sector Perform and raised the price target from $85 to $92. Wells Fargo analyst Chris Carey maintained the stock with an Equal-Weight rating and raised the price target from $85 to $90. Considering buying SPB stock? Here’s what analysts think:

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Spectrum Brands Holdings, Inc. (SPB) Q3 2026 Earnings Call Transcript

Spectrum Brands (SPB - Free Report) came out with quarterly earnings of $2.79 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +87.25%. A quarter ago, it was expected that this holding company would post earnings of $1.04 per share when it actually produced earnings of $1.25, delivering a surprise of +20.19%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Spectrum, which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $753.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.85%. This compares to year-ago revenues of $699.6 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Spectrum shares have added about 49.4% since the beginning of the year versus the S&P 500's gain of 12.6%.

What's Next for Spectrum?While Spectrum has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Spectrum was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.16 on $738.49 million in revenues for the coming quarter and $5.32 on $2.86 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Discretionary is currently in the bottom 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

LiveOne (LVO - Free Report) , another stock in the broader Zacks Consumer Discretionary sector, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.

This company is expected to post quarterly loss of $0.24 per share in its upcoming report, which represents a year-over-year change of +40%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

LiveOne's revenues are expected to be $21.71 million, up 13% from the year-ago 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 third quarter of fiscal 2026 ended June 28, 2026.

“We are pleased with our results this quarter, with all three businesses delivering top-line growth, highlighted by a record-setting quarter in our Home & Garden business. Across both Global Pet Care and Home & Garden, our categories benefited from solid underlying demand, and our key brands continued to outperform the market. In Home & Personal Care, while results remain impacted by soft consumer demand, we are seeing encouraging signs of stabilization in North America, and our key brands in Latin America continue to perform well. Our focus on profitability is reflected in our results, with each segment delivering Adjusted EBITDA growth. Importantly, the strength of our earnings performance was driven by operational execution and business fundamentals, independent of the benefit from IEEPA tariff refunds. These tariff refunds represent a recovery of prior losses which will allow us to invest back into our businesses for overall long term health. Given our strong year-to-date performance and continued operating momentum, we are updating our earnings framework and increasing our Adjusted EBITDA expectation, excluding the impact of tariff refunds, to mid single digit growth while maintaining our net sales expectation of flat to low single digit growth in fiscal 2026," said David Maura, Chairman and Chief Executive Officer of Spectrum Brands.

Mr. Maura continued, “On the operational front, we recently achieved another meaningful milestone in our ERP transformation, completing our first SAP S/4 HANA deployment within the Home & Personal Care business, while also completing implementation across the remaining Global Pet Care and Home & Garden entities. We expect to complete the remaining implementation for HPC EMEA later this year, at which point Spectrum Brands will operate on one unified ERP platform across the entire company.”

Fiscal 2026 Third Quarter Highlights

Three Month Periods Ended

(in millions, except per share and %)

June 28, 2026

June 29, 2025

Variance

Net sales

$

753.3

$

699.6

$

53.7

7.7

%

Gross profit

370.4

264.1

106.3

40.2

%

Gross profit margin

49.2

%

37.8

%

1,140

bps

Operating income

15.9

31.3

(15.4

)

(49.2

)%

Net (loss) income from continuing operations

(20.3

)

20.5

(40.8

)

n/m

Net (loss) income from continuing operations margin

(2.7

)%

2.9

%

n/m

Diluted earnings per share from continuing operations

$

(1.11

)

$

0.83

$

(1.94

)

n/m

Non-GAAP Operating Metrics

Adjusted EBITDA from continuing operations

$

158.3

$

76.6

81.7

106.7

%

Adjusted EBITDA margin

21.0

%

10.9

%

1,010

bps

Adjusted EPS from continuing operations

$

2.79

$

1.24

$

1.55

125.0

%

Net sales increased 7.7% with an increase in organic net sales of 6.6%, which excludes the impact of $7.5 million of favorable foreign exchange rates. Net sales increased across all three businesses, led by Home and Garden with market share gains across key brands and favorable weather conditions early in the quarter driving point-of-sale consumption. Gross profit and margin increased driven by a one-time tariff refund, higher sales volume, pricing, lower trade spend, favorable mix, and cost improvement actions partially offset by higher tariff cost. Excluding tariff refunds of $60.6 million, gross profit increased $45.7 million and gross margins increased by 330 basis points. Operating income decreased due to higher operating expenses partially offset by the increase in gross profit. Net loss from continuing operations and diluted earnings per share decreased driven by lower operating income and higher income tax expense. Diluted earnings per share benefited from a lower share count. Adjusted EBITDA increased 106.7% and adjusted EBITDA margin increased 1,010 basis points. Excluding tariff refunds, adjusted EBITDA increased 27.5% and adjusted EBITDA margin increased 200 basis points, driven by improved gross margins and increased volumes partially offset by higher investment spend. Adjusted diluted EPS increased to $2.79, driven by higher adjusted EBITDA and a reduction to shares outstanding. Tariff refunds contributed $1.90 net of tax effect to adjusted diluted EPS. Excluding tariff refunds, adjusted diluted EPS decreased to $0.89. Fiscal 2026 Third Quarter Segment Level Data

Global Pet Care (GPC)

Three Month Periods Ended

(in millions, except %)

June 28, 2026

June 29, 2025

Variance

Net sales

$

263.7

$

255.2

$

8.5

3.3

%

Adjusted EBITDA

84.4

44.0

40.4

91.8

%

Adjusted EBITDA margin

32.0

%

17.2

%

1,480

bps

Net sales increased 3.3%. Excluding favorable foreign currency impacts, organic net sales increased 2.9%. Reported net sales in Companion Animal increased mid single digits while sales in Aquatics decreased mid single digits. North American net sales increased, led by Companion Animal with modest category growth and continued market share gains across key brands. Organic net sales in EMEA decreased across both categories despite brand strength and expanded distribution, impacted by a strategic acceleration of orders into the second quarter by certain retailers in advance of the SAP S4/HANA ERP implementation.

Excluding tariff refunds, adjusted EBITDA was $51.9 million, an increase of $7.9 million versus the prior year and adjusted EBITDA margin of 19.7%, an improvement of 250 basis points. Excluding this one-time benefit, the increase is due to pricing, favorable mix and cost improvement actions partially offset by higher tariff cost and investment spend.

Home & Garden (H&G)

Three Month Periods Ended

(in millions, except %)

June 28, 2026

June 29, 2025

Variance

Net sales

$

225.2

$

189.2

$

36.0

19.0

%

Adjusted EBITDA

50.4

38.6

11.8

30.6

%

Adjusted EBITDA margin

22.4

%

20.4

%

200

bps

Net sales increased 19.0% and organic net sales increased 19.1% due to favorable weather conditions in April positively impacting POS and retailer replenishment order patterns, with above-market growth across key brands.

Excluding tariff refunds, adjusted EBITDA was $48.4 million, an increase of $9.8 million versus the prior year and adjusted EBITDA margin of 21.5%, an improvement of 110 basis points. Excluding this one-time benefit, the increase is primarily due to higher sales volume and productivity improvements partially offset by higher trade spend and inflation.

Home & Personal Care (HPC)

Three Month Periods Ended

(in millions, except %)

June 28, 2026

June 29, 2025

Variance

Net sales

$

264.4

$

255.2

$

9.2

3.6

%

Adjusted EBITDA

40.6

7.0

33.6

480.0

%

Adjusted EBITDA margin

15.4

%

2.7

%

1,270

bps

Net sales increased 3.6%. Excluding favorable foreign currency impacts, organic net sales increased 1.1%. Reported net sales in Personal Care increased in the mid teens while net sales in Home Appliances were down mid single digits. Excluding the favorable impact of foreign currency, organic net sales in EMEA increased in both Home Appliances and Personal Care. Sales across both categories benefitted from a one-time reduction in trade spend. Performance in both categories continues to be impacted by increased competition. North American net sales declined in the mid single digits primarily driven by lower sales in Home Appliances, reflecting softness across certain brands and exiting the DRTV business.

Excluding tariff refunds, adjusted EBITDA was $14.4 million, an increase of $7.4 million versus the prior year and adjusted EBITDA margin of 5.4%, an improvement of 270 basis points. Excluding this one-time benefit, the increase was primarily driven by pricing, 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 $258.9 million and total liquidity of $753.7 million, including undrawn capacity on its cash flow revolver of $494.8 million. The Company also had $633.0 million of debt outstanding, with no outstanding borrowings on the revolver, senior unsecured notes of $496.1 million, a term loan of $60.0 million within our HPC business, and finance leases of $76.9 million. The Company ended the quarter with net debt of $374.1 million.

Fiscal 2026 Earnings Framework

The Company continues to expect flat to low single digit growth in reported net sales in fiscal 2026. Reflecting strong year-to-date results, Spectrum Brands now expects Fiscal 2026 adjusted EBITDA to increase by mid single digits. Adjusted free cash flow framework remains unchanged, and is expected to be approximately 50% of adjusted EBITDA. The framework for adjusted EBITDA and adjusted free cash flow excludes the impact of tariff refunds.

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, August 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 these non-GAAP measures 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. Net income attributable to redeemable noncontrolling interest is also excluded from Adjusted EPS as it is reflective of contingent liquidation rights of a minority preferred ownership interest of the Company's HPC business, which continues to be consolidated and reported as a segment, and is not attributable to the consolidated financial performance and operating results of the Company. Adjusted EPS is further impacted by the effect on the income tax provision from pre-tax 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

Nine Month Periods Ended

(in millions, except per share amounts)

June 28, 2026

June 29, 2025

June 28, 2026

June 29, 2025

Net sales

$

753.3

$

699.6

$

2,139.2

$

2,075.5

Cost of goods sold

382.9

435.5

1,256.9

1,300.2

Gross profit

370.4

264.1

882.3

775.3

Selling, general & administrative

250.5

225.0

691.3

656.3

Impairment of intangible assets

104.0

—

104.0

15.7

Impairment of property, plant and equipment and operating leases

—

7.8

0.5

7.8

Total operating expenses

354.5

232.8

795.8

679.8

Operating income

15.9

31.3

86.5

95.5

Interest expense

8.2

8.4

22.3

22.1

Interest income

(1.2

)

(0.6

)

(2.3

)

(3.6

)

Other non-operating expense, net

0.4

1.5

0.7

7.2

Income from continuing operations before income taxes

8.5

22.0

65.8

69.8

Income tax expense

28.8

1.5

34.2

22.9

Net (loss) income from continuing operations

(20.3

)

20.5

31.6

46.9

Loss from discontinued operations, net of tax

(1.2

)

(0.8

)

(2.6

)

(2.2

)

Net (loss) income

(21.5

)

19.7

29.0

44.7

Net (loss) income from continuing operations attributable to noncontrolling interest

—

(0.2

)

—

0.4

Net income from continuing operations attributable to redeemable noncontrolling interest

5.3

—

5.3

—

Net (loss) income attributable to controlling interest

$

(26.8

)

$

19.9

$

23.7

$

44.3

Amounts attributable to controlling interest

Net (loss) income from continuing operations attributable to controlling interest

$

(25.6

)

$

20.7

$

26.3

$

46.5

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

(1.2

)

(0.8

)

(2.6

)

(2.2

)

Net (loss) income attributable to controlling interest

$

(26.8

)

$

19.9

$

23.7

$

44.3

Earnings Per Share

Basic earnings per share from continuing operations

$

(1.11

)

$

0.83

$

1.13

$

1.77

Basic earnings per share from discontinued operations

(0.05

)

(0.03

)

(0.11

)

(0.09

)

Basic earnings per share

$

(1.16

)

$

0.80

$

1.02

$

1.68

Diluted earnings per share from continuing operations

$

(1.11

)

$

0.83

$

1.13

$

1.76

Diluted earnings per share from discontinued operations

(0.05

)

(0.03

)

(0.12

)

(0.08

)

Diluted earnings per share

$

(1.16

)

$

0.80

$

1.01

$

1.68

Weighted Average Shares Outstanding

Basic

23.1

24.9

23.2

26.3

Diluted

23.1

25.0

23.4

26.4

SPECTRUM BRANDS HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)

  Nine Month Periods Ended

(in millions)

June 28, 2026

June 29, 2025

Cash flows from operating activities

Net cash provided by operating activities from continuing operations

$

161.2

$

33.1

Net cash used by operating activities from discontinued operations

(0.3

)

(0.6

)

Net cash provided by operating activities

160.9

32.5

Cash flows from investing activities

Purchases of property, plant and equipment

(27.2

)

(25.1

)

Other investing activity

—

(0.1

)

Net cash used by investing activities

(27.2

)

(25.2

)

Cash flows from financing activities

Payment of debt and debt premium

(9.2

)

(8.2

)

Proceeds from issuance of debt

57.6

103.0

Payment of debt issuance costs

(2.3

)

(0.2

)

Proceeds from issuance of preferred shares in subsidiary to noncontrolling interest

61.2

—

Payment of preferred share transaction costs

(2.6

)

—

Dividends paid to shareholders

(32.6

)

(36.9

)

Dividends paid by subsidiary to noncontrolling interest

—

(1.4

)

Treasury stock purchases

(58.2

)

(287.2

)

Excise tax paid on net share repurchases

(3.2

)

(9.7

)

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

(8.5

)

(4.5

)

Other financing activity

—

0.1

Net cash provided (used) by financing activities

2.2

(245.0

)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(0.7

)

(7.3

)

Net change in cash, cash equivalents and restricted cash

135.2

(245.0

)

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

127.2

370.5

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

$

262.4

$

125.5

SPECTRUM BRANDS HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited)

  (in millions)

June 28, 2026

September 30, 2025

Assets

Cash and cash equivalents

$

258.9

$

123.6

Trade receivables, net

580.9

521.7

Other receivables

120.7

50.9

Inventories

499.6

446.1

Prepaid expenses and other current assets

39.7

41.9

Total current assets

1,499.8

1,184.2

Property, plant and equipment, net

237.7

255.0

Operating lease assets

113.3

73.5

Deferred charges and other

65.9

62.5

Goodwill

863.9

866.8

Intangible assets, net

797.1

937.6

Total assets

$

3,577.7

$

3,379.6

Liabilities, Redeemable Noncontrolling Interest and Shareholders' Equity

Current portion of long-term debt

$

12.2

$

11.7

Accounts payable

360.3

283.7

Accrued wages and salaries

52.8

50.2

Accrued interest

4.2

4.5

Income tax payable

49.4

21.2

Short-term operating lease liabilities

20.0

31.8

Other current liabilities

122.9

120.1

Total current liabilities

621.8

523.2

Long-term debt, net of current portion

603.6

556.2

Long-term operating lease liabilities

112.4

54.5

Deferred income taxes

159.1

136.6

Uncertain tax benefit obligation

144.1

180.3

Other long-term liabilities

26.2

19.1

Total liabilities

1,667.2

1,469.9

Redeemable noncontrolling interest

61.8

—

Shareholders' equity

1,848.7

1,909.7

Total liabilities, redeemable noncontrolling interest and shareholders' equity

$

3,577.7

$

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 nine month periods ended June 28, 2026 and June 29, 2025, respectively.

  (in millions, except %)

Three Month Periods Ended

Nine Month Periods Ended

June 28, 2026

June 29, 2025

Variance

June 28, 2026

June 29, 2025

Variance

GPC

$

263.7

$

255.2

$

8.5

3.3

%

$

844.6

$

784.4

$

60.2

7.7

%

H&G

225.2

189.2

36.0

19.0

%

468.6

433.6

35.0

8.1

%

HPC

264.4

255.2

9.2

3.6

%

826.0

857.5

(31.5

)

(3.7

)%

Net Sales

$

753.3

$

699.6

53.7

7.7

%

$

2,139.2

$

2,075.5

63.7

3.1

%

The following is a reconciliation of reported sales to organic sales for the three and nine month periods ended June 28, 2026 compared to reported net sales for the three and nine month periods ended June 29, 2025, respectively.

  June 28, 2026

Net Sales

June 29, 2025

Three Month Periods Ended

(in millions, except %)

Net Sales

Effect of Changes in Foreign Currency

Organic Net Sales

Variance

GPC

$

263.7

$

(1.2

)

$

262.5

$

255.2

$

7.3

2.9

%

H&G

225.2

0.1

225.3

189.2

36.1

19.1

%

HPC

264.4

(6.4

)

258.0

255.2

2.8

1.1

%

Total

$

753.3

$

(7.5

)

$

745.8

$

699.6

46.2

6.6

%

June 28, 2026

Net Sales

June 29, 2025

Nine Month Periods Ended

(in millions, except %)

Net Sales

Effect of Changes in Foreign Currency

Organic Net Sales

Variance

GPC

$

844.6

$

(17.3

)

$

827.3

$

784.4

$

42.9

5.5

%

H&G

468.6

—

468.6

433.6

35.0

8.1

%

HPC

826

(31.6

)

794.4

857.5

(63.1

)

(7.4

)%

Total

$

2,139.2

$

(48.9

)

$

2,090.3

$

2,075.5

14.8

0.7

%

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 nine month periods ended June 28, 2026 and June 29, 2025, respectively.

  Three Month Periods Ended

Nine Month Periods Ended

(in millions, except %)

June 28, 2026

June 29, 2025

June 28, 2026

June 29, 2025

Net (loss) income from continuing operations

$

(20.3

)

$

20.5

31.6

46.9

Income tax expense

28.8

1.5

34.2

22.9

Interest expense

8.2

8.4

22.3

22.1

Depreciation

14.5

14.6

44.0

42.6

Amortization

10.3

10.5

30.8

31.5

Share based compensation

6.0

4.8

16.3

14.7

Non-cash impairment charges

104.0

7.8

104.5

23.5

Exit and disposal costs

0.4

4.2

5.3

8.2

Global ERP transformation1

3.5

2.3

8.3

7.1

Litigation costs2

0.2

1.2

1.8

2.8

Other3

2.7

0.8

5.8

3.4

Adjusted EBITDA

$

158.3

$

76.6

$

304.9

$

225.7

Net sales

$

753.3

$

699.6

$

2,139.2

$

2,075.5

Net (loss) income from continuing operations margin

(2.7

)%

2.9

%

1.5

%

2.3

%

Adjusted EBITDA margin

21.0

%

10.9

%

14.3

%

10.9

%

________________________________________

1 Costs attributable to a multi-year transformation project to upgrade and implement our enterprise-wide operating systems to SAP S/4HANA on a global basis, including project management and professional services for planning, design, and business process review that do not qualify as software configuration and implementation costs recognized as capital expenditures or deferred costs under applicable accounting principles. The Company had recently extended the project to include its HPC segment and anticipates costs to be incurred through further deployments through calendar year 2026.

2 Litigation costs are associated with the Company's cost to facilitate various ongoing litigation matters associated with the Tristar Business acquisition in Fiscal 2023, previously disclosed in our 2025 Annual Report. Such costs are anticipated to be incurred until such litigation matters have been resolved.

3 Other is attributable to other project costs associated with previous strategic separation initiatives and distribution center transitions, plus certain non-recurring key executive severance costs in the prior year.

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 nine month periods ended June 28, 2026 and June 29, 2025, respectively.

  Three Month Periods Ended

Nine Month Periods Ended

(per share amounts)

June 28, 2026

June 29, 2025

June 28, 2026

June 29, 2025

Diluted EPS from continuing operations

$

(1.11

)

$

0.83

$

1.13

$

1.76

Adjustments:

Non-cash impairment charges

4.50

0.31

4.47

0.89

Exit and disposal costs

0.02

0.17

0.23

0.31

Global ERP transformation1

0.15

0.09

0.36

0.27

Litigation costs2

0.01

0.05

0.08

0.11

Other3

0.12

0.03

0.25

0.12

Pre-tax adjustments

4.80

0.65

5.39

1.70

Tax impact of adjustments4

(1.13

)

(0.24

)

(1.34

)

(0.53

)

Net income attributable to redeemable noncontrolling interest

0.23

—

0.23

—

Net adjustments

3.90

0.41

4.28

1.17

Diluted EPS from continuing operations, as adjusted

$

2.79

$

1.24

$

5.41

$

2.93

________________________________________

1 Costs attributable to a multi-year transformation project to upgrade and implement our enterprise-wide operating systems to SAP S/4HANA on a global basis, including project management and professional services for planning, design, and business process review that do not qualify as software configuration and implementation costs recognized as capital expenditures or deferred costs under applicable accounting principles. The Company had recently extended the project to include its HPC segment and anticipates costs to be incurred through further deployments through calendar year 2026.

2 Litigation costs are associated with the Company's cost to facilitate various ongoing litigation matters associated with the Tristar Business acquisition in Fiscal 2023, previously disclosed in our 2025 Annual Report. Such costs are anticipated to be incurred until such litigation matters have been resolved.

3 Other is attributable to other project costs associated with previous strategic separation initiatives and distribution center transitions, plus certain non-recurring key executive severance costs in the prior year.

4 Income tax adjustment reflects the impact on the income tax provision from the pre-tax adjustments to diluted EPS.

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 nine month periods ended June 28, 2026 and June 29, 2025, respectively.

  Nine Month Periods Ended

(in millions)

June 28, 2026

June 29, 2025

Net cash provided by operating activities from continuing operations

$

161.2

$

33.1

Purchases of property, plant and equipment

(27.2

)

(25.1

)

Free cash flow

134.0

8.0

Deal transaction costs1

2.0

6.7

Other2

0.1

(2.1

)

Adjusted free cash flow

$

136.1

$

12.6

More News From Spectrum Brands Holdings, Inc.

Key Takeaways Spectrum Brands is expected to report 4.7% revenue growth and 20.2% EPS growth in Q3 FY26.Pet Care and Home & Garden momentum, innovation and wider distribution may have supported demand.Home & Personal Care likely remained a drag amid weak appliance demand, inflation and competitive pressure. Spectrum Brands Holdings, Inc. (SPB - Free Report) is expected to register year-over-year growth in the top line when it reports third-quarter fiscal 2026 results on Aug. 7, before the opening bell. The Zacks Consensus Estimate for SPB’s revenues is pegged at $732.4 million, indicating a rise of 4.7% from the year-ago quarter.

The consensus estimate for Spectrum Brands’ earnings per share (EPS) is pegged at $1.49, indicating growth of 20.2% from the figure in the year-ago quarter. The consensus mark for EPS has been stable in the past seven days.

In the last reported quarter, the company delivered an earnings surprise of 20.2%. SPB has recorded an earnings surprise of 85.04% in the trailing four quarters, on average.

Factors Likely to Influence SPB's Q3 ResultsSpectrum Brands’ fiscal third-quarter performance is likely to have benefited from sustained momentum in its Global Pet Care and Home & Garden businesses, where management has consistently emphasized market-share gains, strong brand execution and a healthy innovation pipeline. The company’s strategy of concentrating investments behind its largest brands, supported by targeted marketing campaigns and consumer-focused product launches, appears to be resonating well across key categories. Continued traction in pet care products, coupled with expanding distribution, digital execution and new product innovation, may have helped sustain demand during the quarter, reinforcing SPB’s competitive positioning despite a still-cautious consumer backdrop.

Another likely tailwind for the quarter was Spectrum Brands’ continued focus on operational discipline and productivity initiatives. Management highlighted improvements in inventory planning, supply chain execution and enterprise resource planning implementation, which have enhanced efficiency while maintaining strong customer service levels. The company also indicated that pricing actions, cost-improvement programs and disciplined expense management were helping offset inflationary pressures and tariff-related costs. These operational initiatives, combined with prudent working capital management, were likely supportive of margins and overall profitability during the fiscal third quarter.

Spectrum Brands’ Home & Garden business also entered the quarter with encouraging fundamentals. Management pointed to healthy retailer inventory positions, continued market-share gains across flagship brands and strong merchandising support, including expanded display placements and consumer-focused innovation. The company also remained optimistic about demand trends in its seasonal categories while continuing to invest behind brand-building initiatives. These factors, together with the ongoing strength of its Pet Care portfolio and management’s disciplined commercial execution, likely provided meaningful support to overall business performance during the quarter.

On the other hand, Spectrum Brands’ Home & Personal Care segment likely remained a drag on fiscal third-quarter performance. Management continued to expect weak consumer demand for discretionary appliance products, particularly in North America and Europe, where shoppers have remained cautious amid higher product costs and competitive pressures. The company also anticipated lower sales volumes stemming from portfolio rationalization efforts, even as it focused on protecting profitability through pricing, cost controls and productivity measures. In addition, management remained watchful of broader macroeconomic uncertainty, geopolitical tensions and inflationary pressures, which could have weighed on consumer spending and tempered overall performance during the quarter.

What Does the Zacks Model Predict for SPB Stock?Our proven model does not conclusively predict an earnings beat for Spectrum Brands 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 +0.56% and a Zacks Rank of 4 (Sell) 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 15.69X, which is higher than the Zacks Consumer Products – Discretionary industry’s average of 15.24X.

Image Source: Zacks Investment Research

The recent market movements show that SPB’s shares have gained 20.2% in the past six months compared with the industry's 2.8% 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:

Six Flags Entertainment Corporation (FUN - Free Report) currently has an Earnings ESP of +6.90% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

FUN’s earnings for the to-be-reported quarter are expected to increase 11.5%. FUN’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed on two occasions, the negative average surprise being 48.9%.

Expedia Group, Inc. (EXPE - Free Report) currently has an Earnings ESP of +2.52% and a Zacks Rank of 3.

In the to-be-reported quarter, Expedia’s earnings are expected to surge 28.5%. Expedia’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 13.9%.

 Cintas Corporation (CTAS - Free Report) currently has an Earnings ESP of +0.09% and a Zacks Rank #2. The Zacks Consensus Estimate for first-quarter fiscal 2027 earnings per share is pegged at $1.35, suggesting 12.5% year-over-year growth.

The consensus estimate for CTAS' quarterly revenues is pegged at $2.97 billion, which indicates an increase of 9.2% from the prior-year quarter’s actual. CTAS delivered a trailing four-quarter earnings surprise of 1.8%, on average.

Spectrum Brands (SPB - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 7. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis holding company is expected to post quarterly earnings of $1.49 per share in its upcoming report, which represents a year-over-year change of +20.2%.

Revenues are expected to be $732.44 million, up 4.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.09% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Spectrum?For Spectrum, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.56%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Spectrum will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Spectrum would post earnings of $1.04 per share when it actually produced earnings of $1.25, delivering a surprise of +20.19%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Spectrum doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsCentral Garden (CENTA - Free Report) , another stock in the Zacks Consumer Products - Discretionary industry, is expected to report earnings per share of $1.51 for the quarter ended June 2026. This estimate points to a year-over-year change of -3.2%. Revenues for the quarter are expected to be $876.54 million, down 8.8% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Central Garden has been revised 50% down to the current level. Nevertheless, the company now has an Earnings ESP of -1.77%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Central Garden will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Posted by Defense World Staff on Jul 23rd, 2026

Spectrum Brands Holdings Inc. (NYSE:SPB – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $77.09 and traded as high as $89.45. Spectrum Brands shares last traded at $89.1950, with a volume of 235,650 shares changing hands.

Analyst Ratings Changes Several equities research analysts have weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of Spectrum Brands from $100.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $81.00 price objective on shares of Spectrum Brands in a research report on Friday, May 8th. Weiss Ratings raised shares of Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their target price on shares of Spectrum Brands from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen cut Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Spectrum Brands has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Check Out Our Latest Research Report on SPB

Spectrum Brands Stock Performance The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.05 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.79 and a beta of 0.64. The business has a fifty day moving average of $82.59 and a 200 day moving average of $77.09.

Spectrum Brands (NYSE:SPB – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.21. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. The business had revenue of $708.90 million for the quarter, compared to analysts’ expectations of $676.45 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Spectrum Brands Holdings Inc. will post 5.32 EPS for the current year.

Spectrum Brands Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.1%. Spectrum Brands’s payout ratio is presently 35.88%.

Insider Activity In related news, CEO David M. Maura purchased 2,500 shares of Spectrum Brands stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $72.85 per share, for a total transaction of $182,125.00. Following the completion of the transaction, the chief executive officer directly owned 790,708 shares of the company’s stock, valued at $57,603,077.80. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Spectrum Brands Several large investors have recently bought and sold shares of the company. Manning & Napier Advisors LLC lifted its stake in shares of Spectrum Brands by 9.1% in the 4th quarter. Manning & Napier Advisors LLC now owns 300,000 shares of the company’s stock valued at $17,724,000 after purchasing an additional 25,000 shares during the period. Generali Investments CEE investicni spolecnost a.s. grew its stake in Spectrum Brands by 91.7% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 47,935 shares of the company’s stock worth $2,832,000 after purchasing an additional 22,935 shares during the period. Gamco Investors INC. ET AL grew its stake in Spectrum Brands by 8.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 354,082 shares of the company’s stock worth $20,919,000 after purchasing an additional 28,569 shares during the period. LSV Asset Management raised its holdings in Spectrum Brands by 2.9% in the fourth quarter. LSV Asset Management now owns 602,980 shares of the company’s stock worth $35,624,000 after purchasing an additional 17,100 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Spectrum Brands during the fourth quarter valued at $6,242,000.

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 Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.

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Key Takeaways Spectrum Brands' Pet Care sales rose 11.2% YoY, with organic sales up 7.6% in Q2 FY26.Good 'n' Fun, DreamBone, Nature's Miracle and FURminator helped drive mid-single-digit North America sales.SPB expects FY26 Pet Care growth, backed by innovation, marketing support and market-share gains. Spectrum Brands Holdings Inc.’s (SPB - Free Report) Global Pet Care segment delivered a standout performance in the second quarter of fiscal 2026, raising the question of whether the momentum can continue through the remainder of the year. The segment benefited from strong brand execution, innovation-driven demand and market-share gains across key categories. Management noted that several flagship brands continued to outperform their respective markets, demonstrating the effectiveness of the company’s focus on consumer-centric innovation and targeted marketing investments.

The Pet Care segment reported net sales growth of 11.2% year over year in the quarter, while organic sales increased 7.6% after excluding favorable foreign currency impacts. North American sales rose in the mid-single digits, supported by strong performances from brands such as Good ‘n’ Fun, DreamBone, Nature’s Miracle and FURminator. E-commerce sales posted double-digit growth, although approximately $3 million of sales were pulled forward from the fiscal third quarter. In Europe, organic sales advanced in the high-single digits, aided by market-share gains from Good Boy and Tetra. The segment generated adjusted EBITDA of $56.8 million, up $6.8 million from the prior-year period, while adjusted EBITDA margin expanded 40 basis points to 19%.

Several growth drivers suggest that the business remains well positioned. The company continues to benefit from pet-humanization trends and increasing consumer focus on pet wellness. New products such as DreamBone CollaYUMS, enriched with Type 2 collagen for joint health, are resonating with consumers and driving incremental volume growth. At the same time, Nature’s Miracle continues to outperform in a declining category, while Good Boy is expanding distribution across Continental Europe. Management is also refining its price-pack architecture to improve shelf clarity and strengthen long-term category growth.

While management remains cautious about broader consumer spending trends and category growth rates, the company expects the Pet Care segment to deliver top-line growth in fiscal 2026. Strong innovation pipelines, expanded marketing support and continued market-share gains provide a solid foundation for future performance. If Spectrum Brands can maintain its momentum in key brands and successfully execute its growth initiatives, the Pet Care segment appears capable of sustaining above-market growth despite an uncertain macroeconomic backdrop.

Zacks Rundown for SPBSPB’s shares have gained 34.9% in the past six months compared with the industry’s growth of 3.5%. 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 14.77, higher than the industry’s average of 14.36X.

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%.

Other Key PicksColumbia Sportswear Company (COLM - Free Report) , which is a marketer and distributor of outdoor and active lifestyle apparel, footwear, accessories and equipment, currently sports 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 COLM’s current financial-year sales is expected to rise 2.6% from the corresponding year-ago reported figure. COLM delivered a trailing four-quarter earnings surprise of 44.1%, on average.

Superior Group of Companies, Inc. (SGC - Free Report) produces, manufactures and sells promotional products and branded uniforms, and healthcare apparel and accessories in the United States and internationally. At present, SGC carries a Zacks Rank of 2.

The Zacks Consensus Estimate for current fiscal-year sales and earnings implies growth of 2% and 28.3%, respectively, from the year-ago reported figures. SGC delivered a trailing four-quarter negative earnings surprise of 81.9%, on average.

Carter’s, Inc. (CRI - Free Report) designs, sources and markets branded children's wear in the United States and internationally. At present, CRI has a Zacks Rank of 2.

The Zacks Consensus Estimate for current fiscal-year sales implies growth of 4.9%, and the same for earnings implies a decline of 10.9% from the year-ago figures. CRI delivered a trailing four-quarter negative earnings surprise of 100.8%, on average.

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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior” or “the company”) (TSX: SPB) expects to release its 2026 first quarter results on Wednesday, May 13, 2026 after market. A conference call and webcast to discuss the 2026 first quarter financial results will be held at 8:30 AM EDT on Thursday, May 14, 2026. To register as a participant, please use the following link: Register Here. The webcast will be available live and for replay on Superior's website at: https://www.superiorplus.com/ under the Events section.

Superior Plus 2026 Annual Meeting of Shareholders

Superior will hold its Annual Meeting of Shareholders (“AGM”) on Wednesday, May 13, 2026 at 4:00 PM EDT. The AGM will be held as a virtual-only meeting, which will be conducted via live video webcast through the following link: here. Participants are encouraged to register for the virtual webcast at least 10 minutes before the AGM start time.

About Superior Plus

Superior is a North American distributor and marketer of propane, compressed natural gas (“CNG”), hydrogen and related products and services, and transports renewable natural gas (“RNG”) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (“TSX”) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.

More News From Superior Plus

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Key Takeaways SPB, AHKSY, APLE, PAM and FAF stand out with low price-to-sales ratios, signaling undervaluation.Price-to-sales ratio highlights value by comparing market cap to revenues, especially for low-earnings firms.Screen favors low debt, strong value metrics and favorable rankings to identify upside stocks. Investing in stocks based on valuation metrics is a proven strategy for identifying opportunities with strong upside potential. While the price-to-earnings (P/E) ratio is a popular tool for gauging value, it has its limitations, especially when evaluating companies that are unprofitable or still in their early growth phases.

In such cases, the price-to-sales (P/S) ratio becomes particularly valuable. By comparing a company’s market capitalization to its revenues, the P/S ratio offers a clearer picture of value when earnings are minimal or volatile.

If you are looking for growth at a discount, low P/S stocks can offer compelling opportunities. These stocks often trade below their intrinsic value, making them attractive to investors seeking upside potential without paying a premium. While the P/S ratio alone does not guarantee success, when combined with strong fundamentals and positive business momentum, it can signal a stock poised for a breakout.

Spectrum Brands Holdings, Inc. (SPB - Free Report) , Asahi Kasei Corporation (AHKSY - Free Report) , Apple Hospitality REIT, Inc. (APLE - Free Report) , Pampa Energia S.A. (PAM - Free Report) and First American Financial Corporation (FAF - Free Report) are some companies with low price-to-sales ratios and the potential to offer higher returns.

What Is the Price-to-Sales Ratio?While a loss-making company with a negative price-to-earnings ratio falls out of investor favor, its price-to-sales can indicate the hidden strength of the business. This underrated ratio is also used to identify a recovery situation or ensure a company's growth is not overvalued.

A stock’s price-to-sales ratio reflects how much investors pay for each dollar of revenue generated by a company.

If the price-to-sales ratio is 1, investors are paying $1 for every $1 of revenues generated by the company. A stock with a price-to-sales ratio below 1 is a good bargain, as investors need to pay less than a dollar for a dollar’s worth.

Thus, a stock with a lower price-to-sales ratio is a more suitable investment than a stock with a high price-to-sales ratio.

The price-to-sales ratio is often preferred over price-to-earnings, as companies can manipulate their earnings using various accounting measures. However, sales are harder to manipulate and are relatively reliable.

However, one should keep in mind that a company with high debt and a low price-to-sales ratio is not an ideal choice. The high debt level will have to be paid off at some point, leading to further share issuance, a rise in market cap and a higher price-to-sales ratio.

In any case, the price-to-sales ratio used in isolation cannot do the trick. One should analyze other ratios like Price/Earnings, Price/Book and Debt/Equity before arriving at any investment decision.

Screening ParametersPrice-to-Sales less than the Median Price-to-Sales for its Industry: The lower the price-to-sales ratio, the better.

Price-to-Earnings using F(1) estimate less than the Median Price-to-Earnings for its Industry: The lower, the better.

Price-to-Book (Common Equity) less than the Median Price-to-Book for its Industry: This is another parameter to ensure the value feature of a stock.

Debt-to-Equity (Most Recent) less than the Median Debt-to-Equity for its Industry: A company with less debt should have a stable price-to-sales ratio.

Current Price greater than or equal to $5: The stocks must be trading at a minimum of $5 or higher.

Zacks Rank less than or equal to #2 (Buy): Zacks Rank #1 (Strong Buy) or #2 stocks are known to outperform, irrespective of the market environment.

Value Score less than or equal to B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank 1 or 2, offer the best opportunities in the value investing space.

Here are five of the 17 stocks that qualified the screening:

Spectrum Brands is a global consumer products company. The company is focused on driving long-term growth through brand-building, innovation and shifting its supply chain away from China to mitigate rising tariffs. Following the HHI sale, it is transforming into a pure-play Pet and Home & Garden company while maintaining strong liquidity and returning capital to shareholders. Spectrum Brands is making significant investments in brand-focused advertising, marketing and innovation.

Spectrum Brands is aggressively managing costs and pricing to protect margins against tariff and inflationary headwinds. 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. SPB currently has a Zacks Rank of 2 and a Value Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.

Tokyo, Japan-based Asahi Kasei is a diversified industrial group operating across materials, homes and healthcare. The company produces petrochemicals, battery separators, electronics materials and fibers, while also building residential homes and providing construction solutions. Its healthcare segment includes pharmaceuticals, medical devices and critical care products, supporting stable long-term growth.

Asahi Kasei benefits from exposure to electric vehicle batteries, semiconductor demand and aging demographics in healthcare. However, earnings can be sensitive to cyclical chemical demand and raw material costs. Overall, the company combines defensive healthcare revenues with growth opportunities in advanced materials and sustainability-focused innovations. AHKSY has a Value Score of A and a Zacks Rank of 2 at present.

Apple Hospitality is a publicly traded real estate investment trust that owns the largest and most diverse portfolio of upscale, room-focused hotels in the United States. The company offers a fundamentally sound lodging REIT story built on portfolio quality, brand alignment and disciplined execution. It owns a geographically diversified collection of room-focused hotels affiliated with leading brands, giving it broad exposure to leisure, corporate and group demand.

Management has demonstrated prudent capital allocation through selective acquisitions, timely dispositions and consistent reinvestment to keep properties competitive. A flexible balance sheet and ample liquidity provide resilience across cycles. While recent demand softness weighed on its performance, leisure trends remain supportive and operational agility positions the portfolio to benefit as business travel normalizes, supporting long-term cash flow stability and shareholder returns. APLE has a Value Score of A and a Zacks Rank of 2 at present.

Buenos Aires, Argentina-based Pampa Energia is an independent energy-integrated company in Argentina. Through its subsidiaries, PAM is engaged in the generation, transmission and distribution of electricity in Argentina. The company operates through the Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal generation plants, thermal gas-fired generation plants and hydroelectric power generation systems, as well as a wind farm.

The company also explores and produces oil and gas, and operates a high-voltage electricity transmission network. PAM produces petrochemicals, such as styrene, styrene-butadiene rubber and polystyrene. Pampa Energia engages in gas transportation and advisory services activities. PAM currently has a Zacks Rank #1 and a Value Score of A.

First American Financial presents a solid investment case, supported by its leadership in the U.S. title insurance market and strong pricing power in a concentrated industry. The company is focused on expanding its core title insurance and settlement services business while strengthening distribution relationships and broadening its international footprint. Strategic acquisitions and investments in technology, data and AI are enhancing efficiency and expanding its title plant coverage, positioning the company well for the next real estate cycle.

Consistent shareholder returns through dividends and share repurchases, supported by a high-quality investment portfolio and improving profitability, make the stock attractive for long-term investors seeking stability and income. FAF currently has a Value Score of A and a Zacks Rank #2.

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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 second quarter financial results for the period ended March 29, 2026 before the markets open on Thursday, May 7, 2026.

Spectrum Brands will conduct a live conference call and live webcast on May 7, 2026 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time), which will be hosted by David Maura, Executive Chairman and Chief Executive Officer, and Faisal Qadir, Executive Vice President and Chief Financial Officer.

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 for the call here. Instructions will be provided to ensure the necessary audio applications are downloaded and installed. Users can obtain these at no charge.

Following the call, a replay of the live broadcast also will be accessible through the Event Calendar page in the Investor Relations section of Spectrum Brands’ 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™.

More News From Spectrum Brands Holdings, Inc.

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Spectrum Brands (SPB - Free Report) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis holding company is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of +52.9%.

Revenues are expected to be $672.8 million, down 0.4% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.31% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Spectrum?For Spectrum, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.31%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Spectrum will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Spectrum would post earnings of $0.77 per share when it actually produced earnings of $1.40, delivering a surprise of +81.82%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Spectrum doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Consumer Products - Discretionary industry, SharkNinja, Inc. (SN - Free Report) , is soon expected to post earnings of $1.01 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +16.1%. Revenues for the quarter are expected to be $1.37 billion, up 11.8% from the year-ago quarter.

The consensus EPS estimate for SharkNinja, Inc. has been revised 0.8% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +2.15%.

When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that SharkNinja, Inc. will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

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MIDDLETON, Wis.--(BUSINESS WIRE)--Spectrum Brands Holdings, Inc. (NYSE: SPB) announced that its Board of Directors today declared a quarterly dividend of $0.47 per share on the Common Stock of the Company. The dividend is payable on June 16, 2026 to shareholders of record as of May 26, 2026.

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™.

More News From Spectrum Brands Holdings, Inc.

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Spectrum Brands (SPB - Free Report) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +20.77%. A quarter ago, it was expected that this holding company would post earnings of $0.77 per share when it actually produced earnings of $1.4, delivering a surprise of +81.82%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Spectrum, which belongs to the Zacks Consumer Products - Discretionary industry, posted revenues of $708.9 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.37%. This compares to year-ago revenues of $675.7 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Spectrum shares have added about 43.9% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for Spectrum?While Spectrum has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Spectrum was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.59 on $734.57 million in revenues for the coming quarter and $4.90 on $2.83 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Discretionary is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Traeger (COOK - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.

This barbecue grill maker is expected to post quarterly loss of $2.70 per share in its upcoming report, which represents a year-over-year change of -208%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Traeger's revenues are expected to be $94.6 million, down 34% from the year-ago quarter.

Key Takeaways SPB posted Q2 adjusted EPS of $1.25 and sales of $708.9M, both beating consensus.Global Pet Care sales rose 11.2% on market share gains and e-commerce momentum, lifting EBITDA.Spectrum Brands inks Oaktree deal for Home & Personal Care: $127M cash; plans 73% Appliances stake. Spectrum Brands Holdings Inc. (SPB - Free Report) reported strong second-quarter fiscal 2026 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Earnings and sales improved year over year.

Insight Into SPB’s Q1 PerformanceSPB reported adjusted earnings of $1.25 per share, increasing significantly from 68 cents in the year-ago quarter and surpassing the Zacks Consensus Estimate of $1.04. The earnings improvement was primarily buoyed by decreased outstanding shares and higher adjusted EBITDA.

Spectrum Brands' net sales rose 4.9% year over year to $708.9 million and beat the consensus mark of $673 million by 5.4%. Organic net sales increased 1.5%, excluding the favorable foreign currency impacts of $22.9 million. The sales gain was mainly driven by strong results in Global Pet Care and Home & Garden, supported by market share gains across key brands. Favorable weather and retailer order pull-forward also helped. These positives were partly offset by softer consumer demand in Home & Personal Care across North America and Europe.

The gross profit rose 6.7% year over year to $270.3 million, driven by pricing, cost improvement actions and favorable foreign exchange, partially offset by higher trade spend and tariff costs. The gross margin expanded 60 bps year over year to 38.1%.

Adjusted EBITDA from continuing operations increased 17.8% to $84.0 million, lifting the adjusted EBITDA margin to 11.8% from 10.6%, reflecting improved gross margins.

Spectrum Brands’ Segmental PerformanceSales in the Home & Personal Care segment fell 5.5% year over year to $240.1 million. Excluding favorable currency impacts, organic net sales moved down 10.7%. Net sales in Personal Care decreased in the low-single digit, while net sales in Home Appliances declined in the high-single digit.

Excluding the favorable currency impacts, organic net sales in EMEA declined across both Home Appliances and Personal Care, pressured by elevated inventory levels at a key retailer following soft consumer demand and increased competition. LATAM organic sales rose in the mid-single digits on sustained Personal Care growth. In North America, sales fell in the mid-teens, mainly due to lower volumes stemming from higher product costs tied to tariffs and customer inventory actions aimed at working through excess stock.

The segment's adjusted EBITDA of $8.1 million was up 11% year over year, driven by pricing, reduced investment spend, cost improvement initiatives and favorable foreign exchange, somewhat offset by lower volumes and higher tariff costs.

The Global Pet Care segment's sales advanced 11.2% year over year to $299.3 million. Excluding favorable foreign currency impacts, organic net sales rose 7.6%. Within the segment, Companion Animal sales grew at a low double-digit pace, while Aquatics sales advanced in the mid-single digits.

North America led the improvement, supported by market share gains across Companion Animal brands and solid momentum in e-commerce. In EMEA, organic sales increased in both categories, reflecting sustained brand strength, broader distribution and a planned pull-forward of retailer orders ahead of the SAP S/4HANA ERP rollout.

The segment's adjusted EBITDA climbed to $56.8 million from $50.0 million in the prior-year quarter, and the adjusted EBITDA margin expanded 20 bps to 19.0% from 18.6%. Profitability improved on higher volumes, pricing and cost-reduction actions, though those benefits were partly offset by higher tariff costs and increased trade and investment spending.

The Home & Garden segment's sales rose 11.3% year over year to $169.5 million, with organic net sales increasing 11.2%. The growth in net sales was primarily backed by favorable weather, which supported stronger point-of-sale trends and improved retailer ordering patterns. The segment also delivered above-market growth across several key brands.

The segment's adjusted EBITDA fell 30.6% year over year to $34.8 million, while the adjusted EBITDA margin expanded 300 bps to 20.5%. Adjusted EBITDA rose, driven primarily by higher sales volumes, productivity gains and improved operational efficiencies, partially offset by higher trade spend and unfavorable mix.

Spectrum Brands’ Other FinancialsAs of March 29, 2026, SPB had a cash balance of $125.1 million. It had an outstanding debt of $599.7 million, including $24 million outstanding borrowings on the revolver, $496.1 million of senior unsecured notes and $79.6 million of finance leases. The company had a total liquidity of $595.9 million, comprising the undrawn capacity on its cash flow revolver of $470.8 million. It exited the quarter with a net long-term debt of $474.6 million.

SPB’s FY26 OutlookSpectrum Brands updated its fiscal 2026 framework following the quarter, while maintaining its net sales view of flat to up low single digits. The company now expects adjusted EBITDA to be up low to mid single digits and continues to target approximately 50% conversion of adjusted EBITDA to adjusted free cash flow.

On the strategic front, the company announced a partnership with Oaktree Capital Management for its Home & Personal Care business after quarter-end, including a $127 million cash investment in preferred equity and debt. Spectrum Brands expects to retain approximately 73% ownership of the Appliances business, with closing anticipated later in the month.

Shares of the Zacks Rank #4 (Sell) company have gained 7.5% in the past three months against the industry's 7.2% decline.

SPB Stock's Price Performance
Image Source: Zacks Investment Research

Stocks to ConsiderVince Holding Corp. (VNCE - Free Report) provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale and Vince Direct-to-Consumer segments. 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 VNCE’s current fiscal-year sales implies growth of 4.5%, and the same for earnings suggests a decline of 15.9% from the year-ago reported figures. VNCE has delivered a trailing four-quarter earnings surprise of 647.2%, on average.

Under Armour, Inc. (UAA - Free Report) , together with its subsidiaries, engages in developing, marketing and distributing performance apparel, footwear and accessories for men, women and youth. At present, Under Armour sports a Zacks Rank of 1.

The Zacks Consensus Estimate for Under Armour’s current fiscal-year sales and earnings implies declines of 3.8% and 64.5%, respectively, from the year-ago reported figures. UAA has delivered a trailing four-quarter earnings surprise of 140.3%, on average.

Columbia Sportswear Company (COLM - Free Report) , which is a marketer and distributor of outdoor and active lifestyle apparel, footwear, accessories and equipment, currently carries a Zacks Rank of 2 (Buy).

The Zacks Consensus Estimate for COLM’s current financial-year sales is expected to rise 2.4% from the corresponding year-ago reported figure. COLM delivered a trailing four-quarter earnings surprise of 44.1%, on average.

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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior” or “the company”) (TSX: SPB) announced today that its Board of Directors has approved a quarterly dividend of CAD $0.045 per common share payable on July 15, 2026, to shareholders of record at the close of business June 30, 2026. Superior’s annualized cash dividend rate is currently CAD $0.18 per share. This dividend is an eligible dividend for Canadian income tax purposes.

About Superior Plus

Superior is a North American distributor and marketer of propane, compressed natural gas (“CNG”), hydrogen and related products and services, and transports renewable natural gas (“RNG”) from production facilities to natural gas distribution networks. The company is headquartered in Toronto, Ontario, and trades on the Toronto Stock Exchange (“TSX”) under the symbol SPB. Superior has approximately 4,400 employees located in Canada and the United States.

Forward-Looking Information
This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.

In particular, this news release contains forward-looking statements and information relating to: future dividends, which may be declared on Superior’s common shares; the timing and the amount of such dividend payments; and the expected tax treatment thereof. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms promptly. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2025, which can be found at www.sedarplus.ca.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.

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Spectrum Brands Holdings delivered robust Q2 2026 results, with revenue up 4.9% and net income surging to $22.1 million. SPB's Global Pet Care and Home & Garden segments drove double-digit revenue and profit growth, offsetting weakness in Home and Personal Care. Management guides for flat to low single-digit revenue growth and low to mid single-digit EBITDA growth for the full year, supported by cost initiatives and pricing.

Spectrum Brands earns a Buy rating as it strategically separates its underperforming Home & Personal Care segment via an Oaktree partnership. SPB's Q2 2026 results exceeded expectations, with net sales up 4.9% YoY and record adjusted EPS of $1.25 versus $1.04 consensus. Global Pet Care and Home & Garden segments drive robust growth and margin expansion, with EBITDA margins reaching 19–20.5% and strong FCF supporting buybacks.