Spectrum Brands Holdings (NYSE: SPB) reported Q3 FY2026 results that significantly exceeded Wall Street expectations, with the Global Pet Care (GPC) division delivering strong organic growth and a near-doubling of adjusted EBITDA.
GPC net sales rose 3.3% year-over-year to $263.7 million, with organic growth of 2.9%. Adjusted EBITDA nearly doubled to $84.4 million, up 91.8%. Company-wide adjusted EPS reached $2.79, crushing the $1.47 consensus. The improvement was attributed to pricing, favorable product mix and cost improvement initiatives, partially offset by higher tariff costs.
Companion animal sales increased by mid-single digits, with key brands across chews, stain and odor control, and grooming all maintaining or gaining market share. Aquatics sales declined by mid-single digits, though the company gained share within the contracting category. In North America, the pet category led growth, while EMEA organic sales declined partly due to retailers accelerating orders into Q2 ahead of an SAP S/4HANA ERP rollout.
The Good Boy brand continued to outperform competitors with distribution gains in continental Europe and expanded UK market position. Spectrum Brands also launched its DreamBone and Good ‘n’ Fun brands on TikTok Shop as part of digital commerce initiatives. The company raised its FY2026 adjusted EBITDA outlook to mid-single-digit growth, and the stock has surged 54% year-to-date.
