Spectrum Brands (SPB) Misses Q1 EPS by 13c, Revenues Miss

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Spectrum Brands Holdings Reports Fiscal 2020 First Quarter Results

January 30, 2020 6:30 AM EST

Net Sales Declined 1.0% and Organic Sales Declined 0.3% GAAP Operating Loss Driven by the Divestiture of European Dog and Cat Food Manufacturing Operations and Related Impairments Adjusted EBITDA Declined, In-Line with Our Expectations Reaffirms Fiscal 2020 Net Sales, Adjusted EBITDA and Adjusted Free Cash Flow Targets Executed a $125 Million Accelerated Share Repurchase Program (ASR) and Repurchased $81 Million of Common Stock Through Open Market Repurchases

MIDDLETON, Wis.--(BUSINESS WIRE)-- Spectrum Brands Holdings, Inc. (NYSE: SPB; Spectrum Brands or the Company), a leading global branded consumer products company focused on... More