The 2020 Mid-Year Economic Update_long

Spectrum 2Q Sales Down 3.2%

Profit down 36.5 percent year-over-year.

Consumer products company Spectrum Brands Holdings, Inc. (NYSE: SPB), Middleton, WI, reported second quarter sales of $1.17 billion, down 3.2 percent from the same period a year ago. The company reported a gain of $58.8 million, down 36.5 percent from 2016.

In the first quarter, global batteries and appliance sales decreased 2.7 percent, hardware and home improvement increased 4 percent and global pet supplies decreased 8 percent. Home and garden decreased 14.9 parent and global auto care decreased 0.4 percent.

Sales for the first six months were reported at $2.38 billion, down 1.9 percent year-over-year. Profit was a gain of $124.1 million, down 25.3 percent.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.