Spectrum Brands Holdings Q4 Adj EPS $1.36 Up From $0.48 YoY, Sales $740.70M Down From $749.50M YoY
Portfolio Pulse from Benzinga Newsdesk
Spectrum Brands Holdings (NYSE:SPB) reported a significant increase in Q4 adjusted EPS to $1.36, up from $0.48 YoY, despite a slight decrease in sales to $740.70M from $749.50M YoY.

November 17, 2023 | 11:33 am
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Spectrum Brands Holdings reported a 183.33% increase in Q4 adjusted EPS to $1.36, despite a slight 1.17% drop in sales YoY.
The substantial increase in adjusted EPS indicates a strong profit performance by Spectrum Brands Holdings, which is likely to be viewed positively by investors. Although there was a slight decrease in sales, the improvement in profitability is typically a more significant factor in the short term stock price movement. Therefore, the stock is likely to experience upward pressure.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100