Spectrum Brands Holdings to Reaffirm Fiscal 2016 Guidance at CAGNY Conference

MIDDLETON, Wis.–(BUSINESS WIRE)–Spectrum Brands Holdings, Inc. (NYSE: SPB), a global consumer products
company offering an expanding portfolio of leading brands providing
superior value to consumers and customers every day, announced it will
reaffirm fiscal 2016 guidance during its presentation today at the 2016
Consumer Analyst Group of New York (CAGNY) Conference.

Spectrum Brands continues to expect fiscal 2016 reported net sales to
increase in the high-single digit range, including acquisitions and
partially offset by the anticipated negative impacts from foreign
currency of approximately 200-220 basis points based on current spot
rates. The Company also continues to expect fiscal 2016 net cash
provided from operating activities after purchases of property, plant
and equipment (free cash flow) will be between $505-$515 million.

About Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, a member of the Russell 2000 Index, is a
global and diversified consumer products company and a leading supplier
of consumer batteries, residential locksets, residential builders’
hardware, plumbing, shaving and grooming products, personal care
products, small household appliances, specialty pet supplies, lawn and
garden and home pest control products, personal insect repellents, and
auto care products. Helping to meet the needs of consumers worldwide,
our Company offers a broad portfolio of market-leading, well-known and
widely trusted brands including Rayovac®, VARTA®, Kwikset®, Weiser®,
Baldwin®, National Hardware®, Pfister®, Remington®, George Foreman®,
Russell Hobbs®, Black+ Decker®, Tetra®, Marineland®, Nature’s Miracle®,
Dingo®, 8-in-1®, FURminator®, IAMS®, Eukanuba®, Digest-eeze™,
Healthy-Hide®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®,
Black Flag®, Liquid Fence®, Armor All®, STP® and A/C PRO®. Spectrum
Brands’ products are sold by the world’s top 25 retailers and are
available in more than one million stores in approximately 160
countries. Based in Middleton, Wisconsin, Spectrum Brands Holdings
generated net sales of approximately $4.69 billion in fiscal 2015. For
more information, visit

Forward-Looking Statements

Certain matters discussed in this press release and other oral and
written statements by representatives of the Company may be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.
Such statements include statements
regarding the Company’s Fiscal 2016 guidance and its expected
performance (including, without limitation, its ability to integrate
acquisitions, reduce its indebtedness and grow its business) and
statements regarding other matters identified by using words such as
“future,” “anticipate”, “intend,” “plan,” “estimate,” “believe,”
“expect,” “project,” “forecast,” “could,” “would,” “should,” “will,”
“may,” and similar expressions of future intent or the negative of such
terms. These statements are subject to a number of risks and
uncertainties that could cause results to differ materially from those
anticipated as of the date of this document.
Actual results may
differ materially as a result of (1) the Company’s ability to manage and
otherwise comply with its covenants with respect to its significant
outstanding indebtedness, (2) our ability to integrate and realize
synergies from our recent acquisitions and any possible future
acquisitions, (3) risks related to changes and developments in external
competitive market factors, such as introduction of new product features
or technological developments, development of new competitors or
competitive brands or competitive promotional activity or spending, (4)
changes in consumer demand for the various types of products the Company
offers, (5) unfavorable developments in the global credit markets, (6)
the impact of overall economic conditions on consumer spending, (7)
fluctuations in commodities prices, the costs or availability of raw
materials or terms and conditions available from suppliers, (8) changes
in the general economic conditions in countries and regions where the
Company does business, such as stock market prices, interest rates,
currency exchange rates, inflation and consumer spending, (9) the
Company’s ability to successfully implement manufacturing, distribution
and other cost efficiencies and to continue to benefit from its
cost-cutting initiatives, (10) the Company’s ability to identify,
develop and retain key employees, (11) unfavorable weather conditions
and various other risks and uncertainties, including those discussed
herein and those set forth in the securities filings of each of the
Company and SB/RH Holdings, LLC, including each of their most recently
filed Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q.


Spectrum Brands Holdings, Inc.
Investor/Media Contact:
Prichard, 608-278-6141