SPB earnings analysis
What we found in SPB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Spectrum Brands Holdings reported Q2 2026 net sales of $708.9 million, up 4.9% from $675.7 million a year prior, while diluted EPS surged to $0.96, a significant increase from $0.03 in Q2 2025. The company benefited from increased sales in the Global Pet Care and Home & Garden segments but experienced a decline in Home and Personal Care. Management remains optimistic, expecting low to mid-single-digit growth in adjusted EBITDA for the fiscal year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Q2 2026 net sales increased to $708.9 million, up 4.9% from $675.7 million in Q2 2025.
- Significant EPS Improvement
- Diluted EPS reached $0.96, a substantial increase from $0.03 in Q2 2025.
- Adjusted EBITDA Growth
- Q2 2026 adjusted EBITDA was $84.0 million compared to $71.3 million in Q2 2025.
- Gross Margin Improvement
- Gross margin increased to 38.1% in Q2 2026, up 60 bps from 37.5% in Q2 2025.
- Positive Performance in Global Pet Care
- Net sales in Global Pet Care increased by 11.2%, reaching $299.3 million in Q2 2026.
- Lower Interest Expense
- Interest expense decreased slightly to $7.3 million in Q2 2026 from $7.5 million in Q2 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in Home & Personal Care Segment
- Home & Personal Care reported a 5.5% drop in Q2 2026 sales, totaling $240.1 million, driven by reduced demand.
- Potential Impact of Litigation Costs
- Ongoing litigation tied to the Tristar Business acquisition may lead to continued costs and uncertainties.
- Dependency on U.S. Tariff Changes
- Changes in U.S. tariff policies continue to affect cost structures and profitability, particularly in imported goods.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.96
- Gross margin
- 38.1%
- Segment
- Global Pet Care
- Segment
- Home & Garden
- Segment
- Home & Personal Care
What they said about what is next.
Management expects flat to low single-digit revenue growth for fiscal 2026 with adjusted EBITDA growth projected at low to mid single digits.
The filing reads better than the one before it.
What came before.
- 10-Q · August 7, 2025
- Spectrum Brands reported Q3 net sales of $699.6 million, down from $779.4 million a year ago, while diluted EPS improved to $0.80 from $0.21. Operating income fell to $31.3 million from $47.7 million, cash and cash…
- 10-K · November 15, 2024
- Spectrum Brands presents itself as a diversified global consumer-products company managed in three vertically integrated segments — Global Pet Care (GPC), Home & Garden (H&G) and Home & Personal Care (HPC). The company…
- 10-Q · August 8, 2024
- Spectrum Brands reported a sequentially and year-over-year improvement in operating performance for the quarter ended June 30, 2024: net sales rose to $779.4 million, gross margin expanded to ~38.9%, and operating…
- 10-Q · May 9, 2024
- Spectrum Brands posted a meaningful operating recovery in the quarter: net sales were $718.5 million and operating income swung to $75.9 million from an operating loss of $77.0 million a year earlier. Gross profit…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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