Overview

* Spectrum Brands ( SPB ) Q3 net sales decline 10.2%, missing analysts' expectations

* Adjusted EPS for Q3 misses consensus, operating income declines

* Company repurchased 0.9 mln shares for $54.4 mln

Outlook

* Spectrum Brands ( SPB ) targets $160 mln free cash flow in fiscal 2025

* Company continues to suspend fiscal 2025 earnings framework due to trade uncertainties

* Company targets $20-$25 mln in pricing concessions for fiscal 2026

Result Drivers

* STOP SHIPMENTS - Sales impacted by halting shipments during tariff-driven pricing negotiations

* TARIFF CONSTRAINTS - Supply constraints from high tariffs affected product availability

* SOFT DEMAND - Decline in Global Pet Care and Home & Personal Care due to weak consumer demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $699.60 $742.20

mln mln (8

Analysts

)

Q3 Miss $1.24 $1.28 (8

Adjusted Analysts

EPS )

Q3 Miss $31.30 $50.80

Operatin mln mln (6

g Income Analysts

)

Q3 $76.60

Adjusted mln

EBITDA

continui

ng

operatio

ns

Q3 $1.24

Adjusted

EPS

continui

ng

operatio

ns

Q3 EPS $0.83

continui

ng

operatio

ns

Q3 Gross $264.10

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the appliances, tools & housewares peer group is "buy"

* Wall Street's median 12-month price target for Spectrum Brands Holdings Inc ( SPB ) is $79.00, about 33% above its August 6 closing price of $52.92

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)