Spectrum Brands (SPB) Misses Q4 EPS by 29c

Spectrum Brands (NYSE: SPB) reported Q4 EPS of $0.79, $0.29 worse than the analyst estimate of $1.08. Revenue for the quarter came in at $797.8 million versus the consensus estimate of $803.67 million.

Fiscal 2019 Outlook

Spectrum Brands expects meaningful reported net sales growth from continuing operations in fiscal 2019 due to innovation, increased marketing investments, pricing actions, including tariff-related increases, and market share gains. The impact from foreign exchange on net sales is expected to be modestly negative based upon current rates.

Fiscal 2019 adjusted EBITDA from continuing operations is expected to be between $560 and $580 million.

For earnings history and earnings-related data on Spectrum Brands (SPB) click here.

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