SPB - Why Home Essentials Company Spectrum Brands Shares Are Falling Today | Benzinga
Spectrum Brands Holdings, Inc. (NYSE: SPB) reported a fourth-quarter 2023 sales decline of 1.2% year-on-year to $740.70 million, beating the analyst consensus estimate of $738.26 million.
The company reported adjusted EPS from continuing operations of $1.36, beating the street view of $1.03.
Gross profit increased 2% Y/Y to $244.4 million due to improved pricing and cost improvements, partially offset by unfavorable transaction fx.
Operating income was relatively ...