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…
Earnings analysis · 10-Q
SPB earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.96
- Gross margin
- 38.1%
- Segment
- Global Pet Care
- Segment
- Home & Garden
- Segment
- Home & Personal Care
What stood out
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Revenue Growth
Q2 2026 net sales increased to $708.9 million, up 4.9% from $675.7 million in Q2 2025.
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Significant EPS Improvement
Diluted EPS reached $0.96, a substantial increase from $0.03 in Q2 2025.
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Adjusted EBITDA Growth
Q2 2026 adjusted EBITDA was $84.0 million compared to $71.3 million in Q2 2025.
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Gross Margin Improvement
Gross margin increased to 38.1% in Q2 2026, up 60 bps from 37.5% in Q2 2025.
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Positive Performance in Global Pet Care
Net sales in Global Pet Care increased by 11.2%, reaching $299.3 million in Q2 2026.
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Lower Interest Expense
Interest expense decreased slightly to $7.3 million in Q2 2026 from $7.5 million in Q2 2025.
What to watch
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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.
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Potential Impact of Litigation Costs
Ongoing litigation tied to the Tristar Business acquisition may lead to continued costs and uncertainties.
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Dependency on U.S. Tariff Changes
Changes in U.S. tariff policies continue to affect cost structures and profitability, particularly in imported goods.
Management's outlook
Management expects flat to low single-digit revenue growth for fiscal 2026 with adjusted EBITDA growth projected at low to mid single digits.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.