Spectrum Brands Surpasses Earnings Expectations in Fiscal Q1
MIDDLETON, Wis. (AP) - Spectrum Brands Holdings, Inc. (SPB) announced net income of $23.5 million for the fiscal first quarter, exceeding Wall Street analysts' forecasts.
Adjusted earnings came in at $1.02 per share, beating the consensus estimate of 91 cents. However, revenue of $700.2 million slightly missed the expected mark of $701.5 million.
The company's performance underscores the strength of its diversified portfolio and ongoing cost-optimization initiatives. Analysts remain bullish on SPB's future prospects, citing strong demand for its consumer products and a favorable industry outlook.