Solid gains from pricing, cost improvements and favorable mix have been aiding Spectrum Brands' (SPB) margins. Its e-commerce unit bodes well.
Investors with an interest in Consumer Products - Discretionary stocks have likely encountered both Spectrum Brands (SPB) and VIZIO Holding Corp. (VZIO). But which of these two stocks is more attractive to value investors?
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Spectrum Brands (SPB) progresses smoothly on cost-savings and productivity efforts. The bottom and top lines improve year over year in third-quarter fiscal 2024.
Although the revenue and EPS for Spectrum (SPB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Spectrum Brands (SPB) came out with quarterly earnings of $1.10 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $0.75 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Spectrum (SPB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Spectrum Brands' (SPB) third-quarter fiscal 2024 bottom-line results are likely to reflect gains from increased pricing, cost improvements and a favorable mix.
Spectrum Brands (SPB) progresses smoothly on its Global Productivity Improvement Plan, including cost-saving efforts.
Spectrum Brands Holdings has undergone significant changes, including paying down debt and issuing new debt, to improve its bottom line. Recent developments include buying back senior notes and issuing exchangeable senior notes to reduce annual interest expenses and improve financial position. Despite recent financial performance declines, the company's EBITDA has shown growth, and management forecasts further growth in the low double digits for the current year.
Spectrum Brands (SPB) progresses smoothly on GPIP, including cost-saving efforts.
Spectrum Brands (SPB) stays on the growth track, thanks to its long-term investments through the four core pillars and GPIP amid soft demand trends in the HPC business.