Spectrum Brands Q3 Sales Beat, Raises FY Outlook on Home & Garden Surge
SPB sits 77% above its 52-week low of $49.99.
Summary
Spectrum Brands delivered a Q3 sales beat ($753.3M vs $735.5M consensus) driven by a 19% surge in Home & Garden, fueled by favorable weather and market share gains. Adjusted EBITDA more than doubled, boosted by a one-time $60.6M tariff refund, though a non-cash impairment charge pushed GAAP EPS to a loss. Management raised its fiscal 2026 adjusted EBITDA outlook to up mid single digits (ex-refunds) and expects adjusted free cash flow at about 50% of adjusted EBITDA. This follows the earlier headline on the GAAP loss, but the sales beat and guidance raise are fresh positives that shift the narrative. The stock trades near its 52-week high, and the raised outlook may support further upside if Home & Garden momentum continues.
At the time of this announcement, SPB was trading at $88.26 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2B. The 52-week trading range was $49.99 to $92.29. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.