SPB Q4 Earnings Miss Estimates, Organic Sales Increase 4.8% Y/Y
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Spectrum Brands (SPB) reported its fourth-quarter fiscal 2024 earnings, which missed estimates. However, the company saw a 4.5% year-over-year increase in sales, driven by a 4.8% rise in organic sales.
November 15, 2024 | 7:45 pm
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Spectrum Brands' Q4 earnings missed estimates, but the company experienced a 4.5% increase in sales year-over-year, supported by a 4.8% rise in organic sales.
The earnings miss could negatively impact investor sentiment, but the increase in sales, particularly organic sales, suggests underlying business strength. This mixed result may lead to a neutral short-term impact on SPB's stock price.
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