Spectrum Brands'' Q3 Highlights: Revenue Miss, 17% Job Cuts More
Spectrum Brands Holdings Inc (NYSE: SPB ) reported third-quarter FY22 sales growth of 10% year-on-year to $818 million, missing the analyst''s consensus of $917.88 million. Net sales from Home Personal Care increased 20%, Global Pet Care sales gained 12.8%, and Home Garden fell 6.4%. Gross profit rose 5.1% Y|Y to $276 million, and the margin contracted 160 basis points to 33.7%. The operating expenses rose 2% Y|Y to $237.3 … Full story available on Benzinga.com
Spectrum Brands'' Q3 Highlights: Revenue Miss, 17% Job Cuts More
Spectrum Brands Holdings Inc (NYSE: SPB ) reported third-quarter FY22 sales growth of 10% year-on-year to $818 million, missing the analyst''s consensus of $917.88 million. Net sales from Home Personal Care increased 20%, Global Pet Care sales gained 12.8%, and Home Garden fell 6.4%. Gross profit rose 5.1% Y|Y to $276 million, and the margin contracted 160 basis points to 33.7%. The operating expenses rose 2% Y|Y to $237.3 … Full story available on Benzinga.com