Spectrum Brands Analysts Raise Their Forecasts After Strong Results



Spectrum Brands Holdings, Inc. (NYSE: SPB) reported better-than-expected first-quarter financial results on Thursday.

Spectrum Brands posted adjusted earnings of 78 cents per share, beating market estimates of 43 cents per share. The company’s quarterly sales came in at $692.20 million versus expectations of $673.86 million, according to data from Benzinga Pro.

“The first quarter of fiscal 24 is an indication that the investments we are making in our people are paying off. Our operations have a very effective sales and operations planning process behind them now, with rigorous rhythm, cadence, and accountability. This is driving much better factory production …

Full story available on Benzinga.com


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