07.28.16
Spectrum Brands Holdings, Inc. posted record performance for the third quarter of fiscal 2016 ended July 3, 2016 and reiterated expectations for a seventh consecutive year of record results for fiscal 2016. Net sales increased 9.1% to $1.36 billion.
“Home and Garden and HHI achieved record results, global batteries delivered excellent growth and, regionally, there were solid performances in the US as well as in Europe, Latin America and Canada on a currency neutral basis,” said Andreas Rouvé, chief executive officer of Spectrum Brands Holdings. “However, sales in our global pet and personal care and small appliances businesses were below our expectations in the third quarter, and we are working to improve their top-line results as we look to fiscal 2017.”
“Home and Garden and HHI achieved record results, global batteries delivered excellent growth and, regionally, there were solid performances in the US as well as in Europe, Latin America and Canada on a currency neutral basis,” said Andreas Rouvé, chief executive officer of Spectrum Brands Holdings. “However, sales in our global pet and personal care and small appliances businesses were below our expectations in the third quarter, and we are working to improve their top-line results as we look to fiscal 2017.”