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Spectrum Brands Expects Flat to Low Single Digit Growth in Fiscal 2026
The company continues to expect flat to low single digit growth in reported net sales in fiscal 2026, consensus $2.85B. Reflecting strong year-to-date results, Spectrum Brands now expects Fiscal 2026 adjusted EBITDA to increase by mid single digits. Adjusted free cash flow framework remains unchanged, and is expected to be approximately 50% of adjusted EBITDA. The framework for adjusted EBITDA and adjusted free cash flow excludes the impact of tariff refunds. The company continues to target a long-term net leverage ratio of 2.0-2.5 times.
Spectrum Brands Reports Q3 Revenue of $753.3M
Reports Q3 revenue $753.3M vs. $699.6M last year. "We are pleased with our results this quarter, with all three businesses delivering top-line growth, highlighted by a record-setting quarter in our Home & Garden business. Across both Global Pet Care and Home & Garden, our categories benefited from solid underlying demand, and our key brands continued to outperform the market. In Home & Personal Care, while results remain impacted by soft consumer demand, we are seeing encouraging signs of stabilization in North America, and our key brands in Latin America continue to perform well. Our focus on profitability is reflected in our results, with each segment delivering Adjusted EBITDA growth. Importantly, the strength of our earnings performance was driven by operational execution and business fundamentals, independent of the benefit from IEEPA tariff refunds. These tariff refunds represent a recovery of prior losses which will allow us to invest back into our businesses for overall long term health. Given our strong year-to-date performance and continued operating momentum, we are updating our earnings framework and increasing our Adjusted EBITDA expectation, excluding the impact of tariff refunds, to mid single digit growth while maintaining our net sales expectation of flat to low single digit growth in fiscal 2026," said David Maura, Chairman and Chief Executive Officer of Spectrum Brands.
Company Expects Flat to Low Single Digit Growth in Fiscal 2026
The company expects to deliver flat to low single digit growth in reported net sales in fiscal 2026. Fiscal 2026 adjusted EBITDA is expected to increase by low single digits. Adjusted free cash flow is expected to be approximately 50% of adjusted EBITDA.
Spectrum Brands Q2 Revenue $708.9M Beats Expectations
Reports Q2 revenue $708.9M, consensus $677.4M. "We are pleased with our results this quarter, where we returned to top-line growth for the first time since first quarter of fiscal 2025. Our key brands across Global Pet Care and Home & Garden continue to outperform the market driven by strong innovation and distribution gains. In Home & Personal Care, while net sales declined, adjusted EBITDA increased, demonstrating the positive impact of the actions taken over the past year. These results continue to reinforce the effectiveness of our strategic initiatives and the strength of our team. Looking forward, while we remain focused on the dynamic macroeconomic environment, our first half results represent meaningful progress for the full fiscal year. We are updating our earnings framework and increasing our Adjusted EBITDA expectation to low to mid single digit growth while maintaining our net sales expectation of flat to low single digit growth in fiscal 26," said David Maura, Chairman and Chief Executive Officer of Spectrum Brands.
Company Expects Flat to Low Single Digit Growth in Fiscal 2026
The company expects to deliver flat to low single digit growth in reported net sales in fiscal 2026. Fiscal 2026 adjusted EBITDA is expected to increase by low single digits. Adjusted free cash flow is expected to be approximately 50% of adjusted EBITDA. The company continues to target a long-term net leverage ratio of 2.0-2.5 times.
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