MIDDLETON, Wis. — Spectrum Brands posted net sales of $1.22 billion in Q4, a 14.1% increase from $1.07 billion the same time last year. Net income rose to $73.6 million from $49.8 million in 2015. Gross profit and gross profit margin in the first quarter of fiscal 2016 were $440.7 million and 36.2%, respectively, compared to $370.2 million and 34.7 %, respectively, last year. The gross profit margin percentage increase was primarily due to the impact of acquisitions and improved mix, partially offset by the negative impact of foreign exchange.
Spectrum Brands posts Q4 gains
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