Spectrum Brands (SPB) Misses Q1 EPS by 3c
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Spectrum Brands Holdings Reports Fiscal 2023 First Quarter Results
February 10, 2023 6:30 AM ESTNet Sales Decreased 5.8% driven by Lower Replenishment Orders, Slower Holiday Retail Sales, Unfavorable Foreign Currency, Offset by Positive Pricing Adjustments Net Loss from Continuing Operations of $40.0 Million and Adjusted EBITDA of $39.8 Million Focused Operating Strategy Towards Free Cash Flow Generation with $65 million in Inventory Reduction in the First Quarter including HHI Business The Company Expects to Collect $4.3 Billion Upon Completion of the Sale of HHI, Anticipated to Close no Later Than the End of June... More
