Spectrum Brands reports $25.8 million fiscal Q4 profit
Key points
- Spectrum Brands Holdings (NYSE:SPB) reported fiscal fourth-quarter net income of $25.8 million, or $1.11 per share.
- Adjusted earnings reached $1.39 per share, beating the analyst consensus of $0.83, while revenue of $713.2 million missed expectations of $721.2 million.
- For the full fiscal year, the company reported net income of $49.5 million, or $2.12 per share, on revenue of $2.85 billion.
Spectrum Brands Holdings (NYSE:SPB) reported fiscal fourth-quarter 2026 net income of $25.8 million, or $1.11 per diluted share, on revenue of $713.2 million.
Revenue declined 2.8% from $733.5 million a year earlier, while adjusted earnings per share of $1.39 exceeded the Zacks analyst estimate of $0.83, but sales missed the $721.2 million forecast.
The company attributed weaker sales mainly to its Home & Garden division, where unfavorable weather and higher retailer inventories reduced replenishment orders, while Global Pet Care and Home & Personal Care revenue also declined.
Gross profit increased 4.6% to $268.4 million, and gross margin expanded to 37.6% from 35.0%, while adjusted EBITDA rose 10.3% to $69.9 million.
For fiscal 2026, net income attributable to controlling interest fell to $49.5 million from $99.9 million, while annual revenue increased 1.5% to $2.8524 billion and adjusted EBITDA reached $374.8 million.
For fiscal 2027, the company expects flat to low single-digit revenue growth and flat to low single-digit adjusted EBITDA growth, excluding the one-time tariff refund benefit, while targeting adjusted free cash flow of approximately 50% of adjusted EBITDA.
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