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Spectrum Brands' (SPB) second-quarter fiscal 2024 results are likely to reflect gains from increased pricing, cost improvements and a favorable mix.
MIDDLETON, Wis.--(BUSINESS WIRE)--Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, announced today it will release its fiscal 2024 second quarter financial results for the period ended March 31, 2024 before the markets open on Thursday, May 9. Spectrum Brands will conduct a live conference call and live webcast on May 9, 2024 at 9:00 a.m.
Spectrum Brands (SPB) progresses smoothly on its Global Productivity Improvement Plan, including cost-saving efforts.
Spectrum Brands reported a strong start to FY24, beating expectations with a solid performance across its segments. The company's Home and Personal Care business showed signs of stabilization, while its Global Pet Care segment remained stable. Despite some risks, Spectrum Brands is expected to see a strong comeback and offers an attractive investment opportunity.
Spectrum Brands (SPB) posts first-quarter fiscal 2024 results, wherein the top and bottom lines surpass the Zacks Consensus Estimate.
Spectrum Brands Holdings, Inc. (SPB) Q1 2024 Earnings Call Transcript
The headline numbers for Spectrum (SPB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Spectrum Brands (SPB) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to loss of $0.32 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Spectrum (SPB), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
Spectrum Brands' (SPB) Q1 results are expected to gain from pricing, cost improvements and a favorable mix. Slower category POS and retailers' focus on inventory reduction are likely to have hurt.