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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Why Is Spectrum Brands Stock Surging Thursday?

Stuttgart,,Germany,-,06-12-2022:,Person,Holding,Mobile,Phone,With,Logo

Spectrum Brands Holdings, Inc. (NYSE:SPB) surged on Thursday after the company delivered a major earnings beat and strong cash metrics.

Investors also welcomed fresh guidance calling for modest growth, improving profitability, and disciplined balance sheet management in fiscal 2026, with the CEO, David Maura, highlighting merger and acquisition prospects.

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