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Spectrum Brands sees 2024 net sales to be relatively flat to 2023

Consensus $2.88B. Spectrum Brands now expects reported net sales to be relatively flat to Fiscal 2023. Fiscal 2024 Adjusted EBITDA, excluding investment income, is expected to increase by low double-digits. The Company continues to target a long-term net leverage ratio of 2.0 – 2.5 times after full deployment of HHI sale proceeds.

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