Spectrum Brands (SPB) Reports Q1 Loss Per Share of 20c

Spectrum Brands (NYSE: SPB) reported Q1 EPS of ($0.20), may not compare to the analyst estimate of $0.44. Revenue for the quarter came in at $874.6 million versus the consensus estimate of $911.01 million.

Fiscal 2019 Outlook

Spectrum Brands expects reported net sales growth from continuing operations in fiscal 2019 due to innovation, increased marketing investments, pricing actions (including tariff-related increases which are now expected to go into effect on March 1, 2019 for purposes of this outlook), and market share gains. The impact from foreign exchange on net sales is now expected to have a negative impact of approximately 150 basis points based upon current rates.

Fiscal 2019 adjusted EBITDA from continuing operations is expected to be between $560-$580 million. Capital expenditures from continuing operations are expected to be between $70-$75 million.

For earnings history and earnings-related data on Spectrum Brands (SPB) click here.

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