Spectrum Brands (SPB) Reaffirms Guidance

Spectrum Brands Holdings, Inc. (NYSE: SPB), a global consumer products company offering an expanding portfolio of leading brands providing superior value to consumers and customers every day, announced it will reaffirm fiscal 2016 guidance during its presentation today at the 2016 Consumer Analyst Group of New York (CAGNY) Conference.

Spectrum Brands continues to expect fiscal 2016 reported net sales to increase in the high-single digit range, including acquisitions and partially offset by the anticipated negative impacts from foreign currency of approximately 200-220 basis points based on current spot rates. The Company also continues to expect fiscal 2016 net cash provided from operating activities after purchases of property, plant and equipment (free cash flow) will be between $505-$515 million.

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