Spectrum Brands (SPB)
NYSE:SPB
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Earnings Data
Report Date
Aug 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.49Last Year’s EPS
1.24Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial update: consolidated net sales and adjusted EBITDA grew, Global Pet Care and Home & Garden delivered strong double-digit top-line growth and margin expansion, inventory and ERP progress demonstrate operational discipline, and the Oaktree partnership creates a de-risked path for the underperforming HPC segment. Key negatives include marked revenue weakness in Home & Personal Care, ongoing tariff and inflation risks, and seasonality/timing impacts that inject uncertainty into the back half. On balance, the strong results and strategic actions (including the HPC partnership and a raised EBITDA outlook) outweigh the headwinds.Company Guidance
Return to Growth — Revenue and EBITDA
Reported net sales increased 4.9% year-over-year and adjusted EBITDA grew 17.8% year-over-year, marking a return to growth for the first time since Q1 2025. Company adjusted EBITDA for the quarter was $84.0M (increase of $12.7M) and adjusted diluted EPS was $1.25.
Gross Margin and Profitability Improvement
Gross profit increased by $16.9M and gross margin improved to 38.1% (up 60 basis points), driven by pricing, cost improvements and favorable FX; operating income rose to $43.5M (up $24M).
Strong Global Pet Care Performance
Global Pet Care reported net sales +11.2% (organic +7.6% ex-FX), with Companion Animal up low-double digits and Aquatics mid-single digits. GPC adjusted EBITDA was $56.8M (up $6.8M) and adjusted EBITDA margin improved to 19% from 18.6%. Key brands (Good 'n' Fun, DreamBone, Nature's Miracle, FURminator) gained share and e-commerce grew double-digits.
Robust Home & Garden Results
Home & Garden net sales increased 11.3% with Controls (pest/herbicide) leading; adjusted EBITDA rose to $34.8M from $26.7M and margin expanded to 20.5% (up 300 bps). Season-start trends and product innovation (e.g., Spectracide fertilizer) supported performance.
Balance Sheet Strength and Shareholder Returns
Quarter-end cash of ~$125.1M, less than $30M drawn on revolver, total debt ~$599.7M and net leverage of 1.66x (below 2.0–2.5x target). Repurchased ~100k shares for $6.8M in the quarter; since HHI close returned >$1.4B of capital and repurchased ~45% of share count; ~$300M of buyback authorization remains.
Strategic Partnership to De-Risk HPC
Announced Oaktree investment of $127M in Home & Personal Care (HPC) via $67M preferred equity and a term loan; implied valuation ~6x LTM EBITDA and investment is nonrecourse to Spectrum Brands — creates a well-capitalized, stand-alone vehicle and optionality for sale/M&A/spin.
Operational Execution — Inventory and ERP Progress
Inventory was $50M lower versus prior year while maintaining fill rates above 95%, demonstrating S&OP discipline. SAP S/4HANA went live for Global Pet Care EMEA; over 95% of combined Global Pet Care and Home & Garden now on the unified ERP platform.
Raised EBITDA Outlook and Cash Flow Expectations
Reaffirmed FY guidance for net sales flat to up low-single digits and raised adjusted EBITDA guidance to low- to mid-single-digit growth. Continue to expect adjusted free cash flow of ~50% of adjusted EBITDA and provided ranges for capex ($50–60M), D&A ($115–125M) and cash taxes ($40–50M).
SPB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SPB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $85.03 | $78.63 | -7.53% |
Feb 05, 2026 | $68.02 | $74.96 | +10.21% |
Nov 13, 2025 | $52.48 | $57.57 | +9.71% |
Aug 07, 2025 | $51.73 | $55.58 | +7.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Spectrum Brands (SPB) report earnings?
Spectrum Brands (SPB) is schdueled to report earning on Aug 07, 2026, Before Open (Confirmed).
What is Spectrum Brands (SPB) earnings time?
Spectrum Brands (SPB) earnings time is at Aug 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPB EPS forecast?
SPB EPS forecast for the fiscal quarter 2026 (Q3) is 1.49.