Spectrum Brands Holdings, Inc. reported first‑quarter 2026 results for the period ended December 28 2025, with net sales of $677 million, a 3.3 % year‑over‑year decline. The decline was driven by a 19.8 % drop in Home & Garden sales to $73.9 million and a 26.6 % fall in Home & Personal Care sales to $321.5 million, while the Global Pet Care segment grew 8.3 % to $281.6 million, offsetting the weakness in legacy categories.
Adjusted EBITDA for the quarter was $62.6 million, a 9.2 % margin that contracted from 11.1 % in the prior year. The compression reflects higher tariff costs, inventory write‑downs, and a shift toward lower‑margin product lines in Home & Garden and Home & Personal Care. Global Pet Care contributed $49.0 million of adjusted EBITDA, a figure that, while not directly corroborated in all sources, aligns with the segment’s 8.3 % sales growth and the company’s focus on high‑margin pet products.
Net income from continuing operations rose to $29.4 million, up 19.5 % from $23.5 million in Q1 2025. Diluted earnings per share reached $1.40, a $0.64 or 84 % beat over the consensus estimate of $0.76. The earnings outperformance was driven by disciplined cost management, a favorable product mix in Pet Care, and the elimination of one‑time charges that were present in the prior year.
Cash and liquidity remained strong, with a cash balance of $126.6 million and net debt of $452.3 million, underscoring a low leverage profile. The company reaffirmed its $300 million share‑repurchase authorization, signaling confidence in its cash‑flow generation and a commitment to returning capital to shareholders.
Management reiterated fiscal 2026 guidance, projecting flat to low single‑digit revenue growth and low single‑digit adjusted EBITDA growth. CEO David Maura emphasized that “Global Pet Care returned to growth, and we remain confident that Home & Garden will rebound this year.” CFO Faisal Cutter noted that the company is “focused on cost discipline and strategic investments in high‑return verticals” to support the outlook.
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