Spectrum Brands (SPB) Tops Q2 EPS by 4c
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Spectrum Brands Holdings Reports Fiscal 2023 Second Quarter Results
May 12, 2023 6:30 AM EDTSpectrum Brands has Resolved the Lawsuit with the U.S. Department of Justice (the "DOJ") Regarding ASSA ABLOY's Acquisition of HHI Segment 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 2023 Net Sales Decreased 9.7% Driven by Retailer Inventory Strategy Leading to Lower Replenishment Orders, Slower Category POS and Unfavorable Foreign Currency, Offset by Positive Pricing Adjustments Net Loss from Continuing Operations of $75.0 Million and Adjusted EBITDA of $51.0 Million Inventory Reduction of $170 million in the... More
