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‘Unanticipated Developments’ Weighed on Spectrum Brands Q3 Results

‘Unanticipated Developments’ Weighed on Spectrum Brands Q3 Results

by Mike Duff | Aug 11, 2023 | Appliances, Cookware, Featured News, Kitchen Electrics, Kitchenware, Personal Care & Wellness

Spectrum Brands managed a Wall Street beat on earnings in the third quarter, but outside influences proved a drag on the top line. Net loss from continuing operations was $172.2 million, or $4.27 per diluted share, versus net income from continuing operations of $3...
Spectrum Brands Posts Loss As It Continues Business Realignment

Spectrum Brands Posts Loss As It Continues Business Realignment

by Mike Duff | May 12, 2023 | Featured News, Home + Housewares, Kitchen Electrics, Kitchenware, Personal Care & Wellness, Tableware

In the second quarter, Spectrum Brands posted a net loss and lower sales as the company realigns the business, an effort that took another step forward with a settlement with the United States Department of Justice. Net loss from continuing operations was $75 million,...
Spectrum Debuts New Kitchen Organization at The Inspired Home Show

Spectrum Debuts New Kitchen Organization at The Inspired Home Show

by Chandler Harvey | Mar 6, 2023 | Home + Housewares, Home Storage & Organization, Organization & Cleaning, The Inspired Home Show 2023

Spectrum Brands is debuting a plethora of kitchen organization lines at the 2023 Inspired Home Show. These lines are meant to be able to coordinate with several different kitchen styles, from modern to farmhouse, to allow consumers the ability to keep the kitchen...
Acquired Tristar Business Lifts Spectrum Brands Sales in Q4

Acquired Tristar Business Lifts Spectrum Brands Sales in Q4

by Peter Giannetti | Nov 22, 2022 | Appliances, Cookware, Kitchen Electrics

Spectrum Brands reported corporate net sales in its fiscal fourth quarter ended September 30, 2022, of $749.5 million, a 1.1% decline from the $757.8 million in revenue reported in the year-earlier period. Excluding the impact of $41.1 million of unfavorable foreign...
Acquired Tristar Business Lifts Spectrum Brands Sales in Q4

Spectrum Brands Accelerated Tristar Integration in Q3

by Peter Giannetti | Aug 16, 2022 | Appliances, Kitchen Electrics, Personal Care & Wellness

Spectrum Brands reported a double-digit, year-over-year net sales gain in its fiscal third quarter as it accelerated integration of its Tristar appliance and cookware acquisition into its Home and Personal Care Appliances business and renamed that business Empower...
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