Spectrum Brands Holdings Reports Fiscal 2020 First Quarter Results
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Spectrum Brands (SPB) Misses Q1 EPS by 13c, Revenues Miss
January 30, 2020 6:32 AM ESTSpectrum Brands (NYSE: SPB) reported Q1 EPS of $0.20, $0.13 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $871.5 million versus the consensus estimate of $900.21 million.
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 ImpairmentsAdjusted EBITDA Declined, In-Line with Our ExpectationsReaffirms Fiscal 2020 Net Sales, Adjusted EBITDA and Adjusted Free Cash Flow TargetsExecuted a $125 Million Accelerated Share Repurchase Program (ASR) and Repurchased $81... More