Spectrum Brands Non-GAAP EPS of $0.54 misses by $0.88, revenue of $818M misses by $99.88M

Aug. 12, 2022 6:37 AM ETSpectrum Brands Holdings, Inc. (SPB)By: Meghavi Singh, SA News Editor
  • Spectrum Brands press release (NYSE:SPB): Q3 Non-GAAP EPS of $0.54 misses by $0.88.
  • Revenue of $818M (+10.0% Y/Y) misses by $99.88M.
  • "We are now expecting mid-single digits sales growth with mid-twenties EBITDA decline for the full year of fiscal 22. Despite these near-term HEADWINDS, our businesses remain competitively positioned and we continue to believe that the Company has an earnings power of over $400 million of Adjusted EBITDA for our continuing operations," said David Maura, Chairman and Chief Executive Officer of Spectrum Brands.

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