Spectrum Brands Q4 and fiscal year

Spectrum Brands Holdings, a global consumer goods and household products company that owns brands such as Tetra, 8in1, Furminator and Good Boy, announced last week its results for the fourth quarter and full fiscal year 2025, which ended on 30 September. Despite industry-wide weakness and supply difficulties, the pet division showed stable development as a result of the reduction in Chinese imports.

‘At the beginning of the year, we made the difficult but necessary decision to respond to uncertain trade policies by halting all imports from China for the US market and focusing on managing the business with an eye on liquidity,’ explained David Maura, CEO of Spectrum Brands. The results for the fourth quarter and the full year reflected the impact of these decisions and a challenging environment.

Macroeconomic uncertainties such as a volatile trading environment, fluctuating demand and increased costs due to tariffs, inflation and supply chain disruptions characterised the financial year. Demand for branded products in the pet segment nevertheless proved robust, while the market environment for price-driven items weakened – an indicator of a general shift in purchasing behaviour towards higher-value products. 

For the full financial year, the Group generated sales of $2.81 billion dollars (approx. €2.41 billion), down 5.3% from $2.96 billion (approx. €2.55 billion). Adjusted EBITDA fell from $372 million (approx. €320 million) to $289 million (approx. €248 million), but net profit nevertheless rose from $0.9 million (approx. €0.77 million) to $100.2 million (approx. €86.4 million).

In the Global Pet Care segment, adjusted EBITDA rose from $44 million to $50 million (approx. €46 million) in the fourth quarter, with sales of $734 million (approx. €664 million; Q4 2024: $774 million = approx. €704 million). For the year as a whole, the pet care segment accounted for $1.1 billion (approx. €946 million) in sales, a decline of 6%.

The company expects flat to low single-digit growth in reported net sales for the 2026 financial year. This is to be achieved through innovation and portfolio focus in the two focus segments, Global Pet Care and Home & Garden. Adjusted EBITDA for the 2026 financial year is expected to increase by a low single-digit percentage. The company continues to target a long-term net debt ratio of 2.0 to 2.5.