Revenue: As of FY2026 Q3, the actual value is USD 753.3 M, beating the estimate of USD 731.55 M.

EPS: As of FY2026 Q3, the actual value is USD -1.11, missing the estimate of USD 1.495.

EBIT: As of FY2026 Q3, the actual value is USD 22.9 M.

Overall Company Performance (Three Months Ended June 28, 2026 vs June 29, 2025)

Revenue

• Net Sales: Spectrum Brands Holdings, Inc. reported net sales of $753.3 million for the third quarter of fiscal 2026, an increase of 7.7% compared to $699.6 million in the prior year period. Organic net sales, excluding $7.5 million of favorable foreign exchange rates, increased by 6.6%.

Profitability

• Gross Profit: Gross profit was $370.4 million, up 40.2% from $264.1 million in the prior year. Gross profit margin increased by 1,140 basis points to 49.2% from 37.8%. Excluding tariff refunds of $60.6 million, gross profit increased by $45.7 million, and gross margins improved by 330 basis points.
• Operating Income: Operating income decreased by -49.2% to $15.9 million, down from $31.3 million in the prior year, primarily due to higher operating expenses partially offset by increased gross profit.
• Net Loss from Continuing Operations: The company reported a net loss from continuing operations of -$20.3 million, a decrease of -$40.8 million compared to net income of $20.5 million in the prior year, including a one-time non-cash impairment charge on the Home & Personal Care (HPC) business.
• Adjusted EBITDA: Adjusted EBITDA from continuing operations increased by 106.7% to $158.3 million, up from $76.6 million. The adjusted EBITDA margin improved by 1,010 basis points to 21.0% from 10.9%.
• Adjusted EBITDA (Excluding Tariff Refunds): Excluding $60.6 million of IEEPA tariff refunds, Adjusted EBITDA was $97.7 million, representing an increase of $21.1 million or 27.5%. The adjusted EBITDA margin, excluding tariff refunds, increased by 200 basis points.

Operational Metrics

• Net Debt Leverage: Spectrum Brands Holdings, Inc. ended the third quarter with a net debt leverage of 1.02x Adjusted EBITDA.

Liquidity and Debt (As of June 28, 2026)

• Cash Balance: The company had a cash balance of $258.9 million.
• Total Liquidity: Total liquidity was $753.7 million, including $494.8 million in undrawn capacity on its cash flow revolver.
• Total Debt Outstanding: Total debt outstanding was $633.0 million, with no outstanding borrowings on the revolver, $496.1 million in senior unsecured notes, a $60.0 million term loan within the HPC business, and $76.9 million in finance leases.
• Net Debt: Net debt stood at $374.1 million.

Segment Performance (Three Months Ended June 28, 2026 vs June 29, 2025)

Global Pet Care (GPC)

• Net Sales: Net sales increased by 3.3% to $263.7 million from $255.2 million. Organic net sales increased by 2.9%, excluding favorable foreign currency impacts.
• Adjusted EBITDA: Adjusted EBITDA was $84.4 million, up 91.8% from $44.0 million. The adjusted EBITDA margin increased by 1,480 basis points to 32.0% from 17.2%.
• Adjusted EBITDA (Excluding Tariff Refunds): Excluding tariff refunds, adjusted EBITDA was $51.9 million, an increase of $7.9 million, with an adjusted EBITDA margin of 19.7%, an improvement of 250 basis points.

Home & Garden (H&G)

• Net Sales: Net sales increased by 19.0% to $225.2 million from $189.2 million. Organic net sales increased by 19.1%.
• Adjusted EBITDA: Adjusted EBITDA was $50.4 million, up 30.6% from $38.6 million. The adjusted EBITDA margin increased by 200 basis points to 22.4% from 20.4%.
• Adjusted EBITDA (Excluding Tariff Refunds): Excluding tariff refunds, adjusted EBITDA was $48.4 million, an increase of $9.8 million, with an adjusted EBITDA margin of 21.5%, an improvement of 110 basis points.

Home & Personal Care (HPC)

• Net Sales: Net sales increased by 3.6% to $264.4 million from $255.2 million. Organic net sales increased by 1.1%, excluding favorable foreign currency impacts.
• Adjusted EBITDA: Adjusted EBITDA was $40.6 million, up 480.0% from $7.0 million. The adjusted EBITDA margin increased by 1,270 basis points to 15.4% from 2.7%.
• Adjusted EBITDA (Excluding Tariff Refunds): Excluding tariff refunds, adjusted EBITDA was $14.4 million, an increase of $7.4 million, with an adjusted EBITDA margin of 5.4%, an improvement of 270 basis points.

Cash Flow (Nine Months Ended June 28, 2026 vs June 29, 2025)

Operating Cash Flow

• Net Cash Provided by Operating Activities from Continuing Operations: Net cash provided by operating activities from continuing operations was $161.2 million, compared to $33.1 million in the prior year period.
• Purchases of Property, Plant and Equipment: Purchases of property, plant and equipment were -$27.2 million, compared to -$25.1 million in the prior year period.

Free Cash Flow

• Free Cash Flow: Free cash flow was $134.0 million, compared to $8.0 million in the prior year period.
• Adjusted Free Cash Flow: Adjusted free cash flow was $136.1 million, compared to $12.6 million in the prior year period.

Outlook / Guidance

Spectrum Brands Holdings, Inc. is focused on its business and M&A strategy, including ERP platform transformation and productivity expectations, and plans to separate its Home and Personal Care (HPC) business to create an independent Global Appliances business, while forming a pure-play consumer products company comprising its Global Pet Care (GPC) and Home & Garden (H&G) businesses. For fiscal 2026, the company continues to expect net sales to be flat to up low single digits. Reflecting strong year-to-date results, Spectrum Brands Holdings, Inc. is raising its Adjusted EBITDA expectation, excluding tariff refunds, to be up mid-single digits, with the framework for adjusted free cash flow remaining unchanged, expecting approximately 50% conversion of adjusted EBITDA (excluding tariff refunds).