Spectrum Brands: Aquatics registers gains amid sales decrease in pet portfolio

Spectrum Brands’ pet care segment posted $298.1 million (€274M) in net sales for the fourth quarter (Q4) of fiscal year (FY) 2025, which ended 30 September 2025. This reflects a 1.5% decrease from net sales of $302.5 million (€278M) in Q4 2024.

Organic net sales also dropped 3.3% year-over-year (YoY) to $303 million (€279M) due to weaker category sales, supply constraints from the pause on Chinese imports into the US and a strategic pull-forward of orders by retailers last year.

“Earlier in the year, we made the difficult but necessary decision to address the uncertain trade policy by halting all imports from China for the US market and focus on running the business for cash. Our fourth quarter and full year results reflect the impacts of those decisions and a challenging macroeconomic environment,” says David Maura, Chairman and CEO of Spectrum Brands.

Total net sales for the company reached $733.5 million (€632.4M) in the quarter, a 5.2% decrease YoY. This was driven most strongly by the pet home and personal care sectors.

The role of aquatics

In North America, the companion animal category was negatively impacted by category softness, supply constraints and the anticipation of orders last year. Meanwhile, the aquatics segment increased in high single digits, driven by distribution gains in the US.

In EMEA (Europe, the Middle East and Africa), net sales in companion animals increased due to strong sales from the pet treats, toys and accessories brand GoodBoy, as well as the strong performance in the dog and cat food category. Aquatics also saw gains, driven by strong brand performance in EMEA.

Full-year overview 

For FY2025, the pet segment reported net sales of $1.1 billion (€995M). This is a 6% decrease from $1.2 billion (€1.1B) in FY2024. 

Organic sales also dropped 6.8% YoY to $1.1 billion (€986M).

For the whole company, net sales totaled $2.8 billion (€2.4B), a 5.2% YoY decline. Net income from continuing operations, on the other hand, saw a small increase of 0.9%, to $100.2 million (€86.4M).

Guidance

Spectrum Brands expects to deliver flat to low single-digit growth in reported net sales in FY2026. Adjusted EBITDA is also forecast to increase by low single-digits.

Additionally, the company anticipates the pet care segment and home and garden sales to rebound, offset by an expected decline in home and personal care due to category softness and supply chain simplification initiatives.

Spectrum Brands plans to pursue M&A (mergers and acquisitions) to accelerate long-term value and growth. “With our strong balance sheet and low leverage, we are uniquely positioned to act as the M&A partner of choice for high-quality, synergistic assets in our sector,” says CEO David Maura.