Spectrum Brands Holdings, Inc. (NYSE:SPB) reported better-than-expected first-quarter financial results and announced a $300 million share buyback on Thursday.

Spectrum Brands reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of 76 cents per share. The company reported quarterly sales of $677.000 million which beat the analyst consensus estimate of $667.175 million.

“We are pleased with our results this quarter, particularly that our most profitable and largest Adjusted EBITDA contributing business, Global Pet Care, returned to growth. Our Net Sales and Adjusted EBITDA exceeded expectations despite the ongoing macroeconomic challenges that continue to impact overall consumer demand. These results reinforce the effectiveness of our strategic initiatives and validate our belief that the difficult, but necessary, steps we implemented in fiscal 2025 were indeed the right course of action. Looking forward, we will continue to remain disciplined in the execution of our strategy, understanding that significant work still lies ahead,” said David Maura, Chairman and Chief Executive Officer of Spectrum Brands.

Spectrum Brands shares gained 1.4% to trade at $76.46 on Friday.

These analysts made changes to their price targets on Spectrum Brands following earnings announcement.

• Wells Fargo analyst Chris Carey maintained Spectrum Brands with an Equal-Weight rating and raised the price target from $62 to $80.
• Oppenheimer analyst Ian Zaffino maintained the stock with an Outperform rating and increased the price target from $75 to $85.

Considering buying SPB stock? Here’s what analysts think:

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