Spectrum Brands reverses Q2 loss

Spectrum Brands Holdings Inc., which owns Kwikset and Weiser, said last week its Q2 sales grew 22.6 percent. Sales in hardware and home improvement rose by 18.4 percent, with growth across all categories. Profits of $36.8 million, or $0.88 per share, compared with a loss of $59.2 million ($1.29) a year prior. Adjusted earnings of $1.76 per share were ahead of a consensus estimate of $0.99 per share.