Buyback Radar

Spectrum Brands

SPB

Spectrum Brands has retired 57.0% of its shares since 2018, from 53,425,302 to 22,995,596.

57.0%retired since 2018
45.9%last 5 years
5.0%last 12 months
23Mshares today
Shares outstanding, 2018 to todaysplit adjusted, from SEC filings
a quarter gone 2022half gone 202453M shares, 201823M20182020202220242026
2018, 53,425,3022026-07-31, 22,995,596
A share bought in 2018
2.3× more of Spectrum Brands today, without buying another share. It was one of 53,425,302 shares then. It is one of 22,995,596 now.
Every filing we read8 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20182018-11-1953,425,30210-K
20192019-11-1248,824,12610-K
20202020-11-1643,082,37910-K
20212021-11-1941,190,35510-K
20222022-11-1840,787,45610-K
20232023-11-1535,308,01110-K
20242024-11-0828,051,51110-K
20252025-11-1123,375,27910-K

Source: all 10-K filings of Spectrum Brands on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2019cash flow statement against share count
$1.6Bspent on buybacks
30Mfewer shares outstanding
$53spent per share that actually disappeared
$170Mpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

Maura David MDirector; Executive Chairman and CEO2026-05-20, 2,500 sh, $182,125

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Spectrum Brands in depth on Cannibal Stocks.

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