Spectrum Brands loss widens as sales grow

MIDDLETON, Wis. ― Spectrum Brands Holdings reported that its Q4 sales rose 1.9% to $993 million, from $974.4 million for the comparable quarter in 2018. The company’s net loss was $122.6 million, or $2.51 per diluted share, compared with a net loss of $116.2 million ($2.51) a year ago. The Zacks Consensus Estimate projected adjusted EPS of $1.13. In the hardware and home improvement segment, sales edged up 1.1% to $364.9 million, with gains in residential security partially offset by decreases in builders’ hardware and plumbing sales.