Content about FURminator

February 7, 2013

With the acquisition of a few Stanley divisions in December, Spectrum Brands points to "record results."

The acquisition of Stanley's Hardware and Home Improvement (HHI) division loomed large over Spectrum Brand's first-quarter report, boosting sales to new heights while generating a net-loss on one-time costs. 

Spectrum reported record net sales of $870.3 million, including the HHI and FURminator acquisitions, up 2.5% in the first quarter of fiscal 2013, which consisted of two fewer shopping days, versus $848.8 million a year ago. Excluding negative foreign exchange impact, net sales grew 3.2%.