Spectrum Brands Has Strong Fourth Quarter

Spectrum Brands Holdings, Inc. had net sales of $1.17 billion for the fourth quarter of 2020, an increase of 17.9 per cent over net sales of $993 million in the fourth quarter of 2019. Net sales in the hardware and home improvement segment increased 18.9 per cent year-over-year, net sales in the home and personal care segment increased 5.8 per cent, and net sales in the home and garden segment increased 37.8 per cent. Overall gross profit margin for the quarter increased 240 basis points over the year-ago period.