Spectrum Brands ($NYSE:SPB) Holdings Inc. saw a decrease in its revenue for the fourth quarter of 2023. Spectrum Brands Holdings is a leading home and commercial products company that produces a variety of consumer goods. With a portfolio of more than 50 leading brands, some of which are household names in America, the company operates in two main segments: Global Batteries and Appliances and Global Pet Supplies and Home and Garden. In the recent quarter, the company experienced a decline in sales from both segments.
The company is focused on increasing sales and maintaining profitability through strategic investments, cost-cutting measures, and new product development. With a strong balance sheet and an experienced management team, Spectrum Brands Holdings is well-positioned to weather the current market downturn and emerge stronger than ever.
In its latest earnings report for the fourth quarter of Fiscal Year 2023, ending September 30 2021, SPECTRUM BRANDS reported total revenue of 757.8 million USD and net income of 50.2 million USD. This marks an increase in total revenue of 1.1% compared to the previous year, and a massive 239.2% increase in net income. Further analysis shows that SPECTRUM BRANDS has seen a dip in total revenue over the past three years, from 757.8 million USD in 2021 to 740.7 million USD this year. Despite this decrease, the company has managed to increase its net income significantly, showing a canny ability to manage costs while maintaining profitability.
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Spectrum Brands. More…
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Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spectrum Brands. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Spectrum Brands are shown below. More…
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On Monday, SPECTRUM BRANDS, the leading global branded consumer products company, reported a revenue dip for the fourth quarter of 2023. This caused their stock to open at $67.4 and close at $66.1, a decrease of 2.5% from their previous closing price of 67.8. The company attributed its revenue decline to lower sales in its Global Pet Supplies and Home & Garden businesses in North America, primarily due to reduced demand due to the global pandemic. Live Quote…
Analysis – Spectrum Brands Intrinsic Value Calculation
As GoodWhale, we have conducted an analysis of SPECTRUM BRANDS‘s wellbeing. After analyzing the data, our proprietary Valuation Line has determined that the fair value of SPECTRUM BRANDS’ share is around $57.3. More…
Star Chart Analysis
Despite the intense competition, Spectrum Brands Holdings Inc has been able to remain a top player in the industry by focusing on innovation, customer service, and providing high-quality products at competitive prices.
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Investors may be optimistic that the company can recover losses through its diversified portfolio and focus on cost-cutting initiatives. Furthermore, Spectrum’s strong balance sheet with no debt and its portfolio of leading brands provides investors with the potential for long-term growth. Investors should monitor the company’s performance and be mindful of macroeconomic factors that may affect its business.