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Spectrum Brands (SPB) is poised to benefit from strategic transformation initiatives and cost-management actions. However, soft product demand is concerning.
Spectrum Brands (SPB) concludes the sale of its Hardware and Home Improvement business in a cash transaction. The deal has been announced in September 2021.
Spectrum Brands (SPB) is poised to benefit from strategic transformation initiatives, cost management actions and shareholder-friendly policies. However, soft product demand remains a concern.
Spectrum Brands' (SPB) much-awaited HHI segment sale receives clearance from the Mexico authority. It will close the deal on or before Jun 30.
Analysts at Canaccord Genuity (TSX:CF, LSE:CF) remain positive on Spectrum Brands Holdings despite the company reporting underwhelming second quarter results and cutting its full-year 2023 guidance for the second time in as many quarters. The analysts increased their price target from $82 to $87 with a ‘Buy' rating.
Spectrum Brands' (SPB) Q2 results are hurt by lower first-half demand, inventory reduction and currency headwinds. However, pricing actions and cost-cutting efforts are upsides.
Spectrum Brands Holdings, Inc. (NYSE:SPB ) Q2 2023 Earnings Conference Call May 12, 2023 9:00 AM ET Company Participants David Maura - CEO Jeremy Smeltser - CFO Faisal Qadir - VP of Strategic Finance & Enterprise Reporting Conference Call Participants Peter Grom - UBS Bob Labick - CJS Securities Olivia Tong - Raymond James Chris Carey - Wells Fargo Securities Ian Zaffino - Oppenheimer & Co. Brian McNamara - Canaccord Genuity Steve Powers - Deutsche Bank Michael O'Brien - Wolfe Research Operator Good day, and thank you for standing by. Welcome to the Spectrum Brands Holdings, Inc. Second Quarter 2023 Earnings Conference Call.
Consumer products-maker Spectrum Brands Holdings, Inc. (NYSE:SPB) reported a fiscal second-quarter loss of $53.7 million, or $1.31 per share, on revenue of $729.2 million. However, the loss was better than analysts' expectations, while revenue fell short.
Spectrum Brands (SPB) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to earnings of $0.41 per share a year ago.
Spectrum Brands (NYSE: SPB ) reported results for its fiscal second quarter this morning. Spectrum Brands reported a loss per share of 14 cents.