Spectrum Brands Holdings Inc is a global consumer products company specializing in a diverse range of categories, including home appliances, personal care, and pet supplies
The company develops, manufactures, and markets a variety of branded goods designed to enhance the everyday lives of consumers. With a portfolio that includes well-known names, Spectrum Brands focuses on innovation and quality, catering to the needs of both consumers and retailers through effective marketing and distribution strategies. In addition, the company is committed to sustainability and improving its environmental footprint throughout its operations.
Spectrum Brands has been treading water for the past six months, recording a small loss of 3.2% while holding steady at $85.43. The stock also fell short of the S&P 500’s 9.2% gain during that period.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Spectrum Brands (NYSESPB) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Procter & Gamble (NYSEPG) and the rest of the household products stocks fared in Q3.
Household products company Spectrum Brands (NYSESPB) announced better-than-expected revenue in Q3 CY2024, with sales up 4.5% year on year to $773.7 million. Its non-GAAP profit of $0.97 per share was 9.2% below analysts’ consensus estimates.
U.S. stocks could open on a negative note on Friday after the Federal Reserve chair Jerome Powell's comments on Thursday that the economy is showing enough strength that there is no need to be "in a hurry" on further rate cuts just yet.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
