<SEC-DOCUMENT>0000950142-24-000830.txt : 20241120
<SEC-HEADER>0000950142-24-000830.hdr.sgml : 20241120
<ACCEPTANCE-DATETIME>20240329115206
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950142-24-000830
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240329

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Spectrum Brands Holdings, Inc.
		CENTRAL INDEX KEY:			0000109177
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				741339132
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		3001 DEMING WAY
		CITY:			MIDDLETON
		STATE:			WI
		ZIP:			53562
		BUSINESS PHONE:		608-275-3340

	MAIL ADDRESS:	
		STREET 1:		3001 DEMING WAY
		CITY:			MIDDLETON
		STATE:			WI
		ZIP:			53562

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HRG GROUP, INC.
		DATE OF NAME CHANGE:	20150311

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARBINGER GROUP INC.
		DATE OF NAME CHANGE:	20091224

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ZAPATA CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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    <P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">3001 Deming Way</P>
    <P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">Middleton, WI 53562-1431</P>
    <P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">P.O. Box 620992</P>
    <P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">Middleton, WI 53562-0992</P>
    <P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">(608) 275-3340</P>
    <P STYLE="font: 10pt Georgia, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="text-align: right; border-bottom: Black 1pt solid; width: 50%"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 36px; width: 222px">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">March 29, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. Dale Welcome</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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  <TD STYLE="width: 5%">&nbsp;</TD>
  <TD STYLE="width: 5%">RE:</TD>
  <TD STYLE="width: 90%">Spectrum Brands Holdings, Inc.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>Form 10-K for the Fiscal
Year Ended September 30, 2023</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>Filed November 21,
2023</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>File No. 001-04219</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dear Mr. Welcome:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Set forth below is the
response of Spectrum Brands Holdings, Inc. (the &ldquo;Company&rdquo;) to the comments raised by the staff (the &ldquo;Staff&rdquo;) of
the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) in a letter to the Company dated March 15, 2024 (the &ldquo;Comment
Letter&rdquo;). For your convenience, the text of the comments in the Comment Letter has been duplicated in bold type to precede the Company&rsquo;s
responses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><U>Form 10-K for Fiscal Year Ended September
30, 2023</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><U>Management&rsquo;s Discussion and Analysis
of Financial Condition and Results of Operations Non-GAAP Measurements, page 34</U></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD STYLE="text-align: justify"><B>We note that you present consolidated Adjusted EBITDA Margin, but do not present the most directly
comparable GAAP measure, net income margin, with equal or greater prominence. In future filings, for each non-GAAP financial measure your
present, please present the most directly comparable GAAP measure with equal or greater prominence in accordance with Item 10(e)(1)(i)(A)
of Regulation S-K. This comment also applies to Exhibit 99.1 of Form 8-K filed February 8, 2024.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in; text-align: justify">The Company respectfully acknowledges
the Staff&rsquo;s comment. In response to the Staff&rsquo;s comment, the Company reviewed Item 10(e)(1)(i)(A) of Regulation S-K to address
matters of presentation of a non-GAAP measure and its directly comparable GAAP measure with equal or greater prominence. In response to
the Staff&rsquo;s comment, the Company will make adjustments to the presentation of its non-GAAP measurements within its periodic filings
under Regulation S-K, and within its earnings releases, to include and present net income margin with equal or greater prominence to Adjusted
EBITDA Margin in future filings.</P>


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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Your non-GAAP measure, consolidated Adjusted EBITDA, excludes items identified as Tristar business
acquisition, HPC brand portfolio transitions, global ERP transformation, other project costs, unallocated shared costs, legal and environmental,
early settlement of foreign currency cash flow hedges, HPC product disposal, and HPC product recall. Please described to us the specific
nature of the costs reflected in each of these adjustments and explain to us how you determined that these adjustments are appropriate
based on the guidance in Question 100.01 of the Division of Corporation Finance Compliance &amp; Disclosure Interpretations of Non-GAAP
Financial Measures. This comment also applies to the consolidated EBITDA and Adjusted Diluted EPS measures appearing in Exhibit 99.1 of
Form 8-K filed February 8, 2024, as applicable.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in; text-align: justify">The Company respectfully acknowledges
the Staff&rsquo;s comment. In response to the Staff&rsquo;s comment, the Company further reviewed Question 100.01 of the Division of Corporate
Finance Compliance &amp; Disclosure Interpretations and considered all of the Company&rsquo;s facts and circumstances with regard to the
identified adjustments and how each relates to the Company&rsquo;s operations, revenue generating activities, business strategy, industry
and regulatory environment. A discussion of each adjustment identified in the comment follow:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Tristar Business Acquisition</I> &ndash; The
costs associated with the Tristar Business Acquisition include transaction costs to close the purchase of the Tristar Business on February
18, 2022; professional and consultation costs to help facilitate the execution of an acquired business, support integration of the financial
records and systems, merger of commercial and supply operations of the acquired business into our Home and Personal Care (&ldquo;HPC&rdquo;)
appliance segment; and incremental compensation related costs for personnel supporting transition and integration efforts during the transitionary
period. The costs reflected within the adjustment are non-recurring and incremental to affect the close of the transaction and integration
of the acquired business into the existing operations of the Company and its HPC segment, and do not support revenue generating activities,
operations, or strategy of the business. Such costs and activities associated with the Tristar Business acquisition were completed during
the year ended September 30, 2023, and are not repeating in subsequent periods.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>HPC brand portfolio transitions</I> &ndash;
The costs associated with the HPC brand portfolio transitions were recognized in response to the acquisition of the Tristar Business acquisition
and the pending expiration of a license agreement which we did not expect could be renewed or extended with the counterparty, but was
supporting a substantial portion of our HPC segment on a global basis, and requiring substantial incremental investment to facilitate
a transition of an entire portfolio of branded products away from an expiring licensed brand to a newly acquired brand portfolio, generated
by unprecedented facts and circumstances that were unique and specific to the transition being realized by the Company and the HPC segment,
not expected to be reasonably predictable or realized in a subsequent period. The costs consist of compensation for retained personnel
that were specifically assigned to the transition project and were no longer assigned to be supporting the current operations of the Company
and HPC segment. Such costs were considered incremental due to recent restructuring activities resulting in headcount reductions within
the Company during the same period leading to certain reductions not being executed to retain certain personnel specifically to execute
and facilitate the brand transitions due to the significance and degree of investment required. The costs</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 0.75in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">reflected
within the adjustment are non-recurring as they are incremental and outside the normal course of supporting the brands and products of
the continuing operations and revenue generating activities during the respective periods. The Company maintains all other costs for
product and brand development attributable to supporting the continuing operations are reflected within our non-GAAP operating performance
metric, Adjusted EBITDA. Subsequently, during the year ended September 30, 2023, the Company and HPC segment suspended the transition
project and changed its strategy towards its supporting brands and product offerings, primarily due to a change in circumstances that
provided a new extension opportunity with the counterparty associated with the expiring license agreement that were not previously available.
Such costs and activities are not repeating in subsequent periods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Global ERP Transformation </I>&ndash; The
costs associated with the Global ERP Transformation are directly associated with ERP transformation project to upgrade and implement our
enterprise-wide operating systems to SAP S/4 HANA for the entire Company, on a global basis. The costs include external professional and
consultation service costs specifically engaged to execute and facilitate the transition and implementation of the global transformation
project including business process design and mapping, transition services, project management and support services, plus incremental
compensatory costs for a dedicated project management team. Such costs do not include internal IT personnel costs supporting both the
continuing operations and other project support services including the Global ERP Transformation project. The Company also recognizes
software configuration and implementation costs attributable to the project that are recognized as capital expenditures or deferred costs
in accordance with GAAP. The costs reflected within the adjustment are incremental and outside the normal course of supporting the IT
and control processing environment for the existing operations of the Company and its segments, and does not support the revenue generating
activities, operations, or strategy of the business. The project is a multi-phase project with different implementation milestones for
components of the Company with such support costs limited to the implementation of the new update and not to support or maintain the environment
after such milestones are reached. The significance and scope of the Global ERP Transformation is incremental and distinct from the maintenance
and upgrades the Company incurs in the normal course of supporting its operating activities where there is no previous level of dedicated
cost which is not expected to be reasonably predictable or realized in a subsequent period. The Company maintains all other IT maintenance
and operational costs attributable to supporting the continuing operations are reflected within our non-GAAP operating performance metric,
Adjusted EBITDA. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Other project costs </I>&ndash; The costs
associated with other project costs generally consist of external professional and consulting services and other third-party fees associated
with smaller initiatives that are attributable to specific exit and disposal activities or restructuring actions, such as the exit of
commercial operations within a smaller jurisdiction, taken by the Company which have not been considered individually material for separate
disclosure but were considered specific to the non-recurring actions and events identified and are not repeating in subsequent periods.
Additionally, such costs may be attributable to the initial diligence or related professional and consulting costs towards a specific
proposed strategic acquisition or divestiture transaction, or business development initiative that was not considered material or</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 0.75in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">never
fully realized and therefore not appropriate for public disclosure. The costs reflected within the adjustment are incremental and outside
the normal course of operations within the Company and would not repeat in subsequent periods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Unallocated shared costs </I>&ndash; The costs
associated with unallocated shared costs are directly attributable to the accounting implications of reporting the disposition of the
Hardware and Home Improvement (HHI) segment as discontinued operations for all periods in which the HHI segment remained a component of
the Company, until the sale was completed on June 20, 2023. In accordance with GAAP, only direct costs associated with the disposed business
can be accounted for as discontinued operations, whereas all indirect costs of supporting and enabling functions of the Company that continued
to support the HHI segment must remain a component of the continuing operations. Such costs are allocated to all operating segments of
the Company and include costs to operate shared or center-led operations such as, but not limited to, information technology, human resources,
finance and accounting, supply chain, and commercial operations. Due to the GAAP requirements to include indirect costs within continuing
operations and exclude from discontinued operations, and the requirements to reconcile our non-GAAP measurement of Adjusted EBITDA to
the most directly comparable GAAP metric, Net Income (Net Income from Continuing Operations), such indirect costs would have to be absorbed
retroactively by the continuing operations but were still a necessary component to support the HHI business while held for sale. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">The adjustment appropriately reflects the
indirect costs incurred were supporting the HHI segment at the time it was directly owned and operated by the Company prior to the disposition
and would not be appropriate to retroactively absorb such costs by the other segments of the continuing operations during such period.
Subsequently, after the close of the HHI divestiture on June 20, 2023, the majority of costs continue to be incurred by the Company during
the transition service period with the buyer of the business but mitigated through fees realized by a transition service agreement and
will be further mitigated through the elimination of extraneous costs following the termination of the transition service agreement. As
a result, after the completion of the HHI divestiture on June 20, 2023, there is no further adjustment recognized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Legal and environmental </I>&ndash; The costs
associated with legal and environmental are attributable to significant and unusual non-recurring matters that have no previous historical
context or precedent with the Company&rsquo;s operations, revenue generating activities, business strategy, industry, and regulatory environment.
Such activities and actions were event driven and specific to unique events and circumstances that are not reflective of pervasive matters
that were previously existing, nor are they considered to be repeating in subsequent periods. The description and amounts of such events
were not separately disclosed due to the materiality of the matters being addressed. The costs reflected within the adjustment are incremental
and outside the normal course of operations within the Company as there has been no previous precedent or allegation to indicate such
consequential, event-driven costs were subject to the Company&rsquo;s continuing operations, revenue generating activities, business strategy,
industry, and regulatory environment. The Company maintains all other legal and environmental costs</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 0.75in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">attributable
to the continuing operations are reflected within our non-GAAP operating performance metric, Adjusted EBITDA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Early Settlement of foreign currency cash
flow hedges</I> &ndash; The costs reflective in the adjustment are attributable to the change in organizational structure and operations
impacting the Company&rsquo;s hedging program for foreign currency purchases. The Company enters into forward foreign exchange contracts
to hedge a portion of the risk from forecasted foreign currency denominated third-party purchases. During the year ended September 30,
2022, the Company and its HPC segment made a one-time organizational change within its EMEA region that impacted the purchasing entity
and the functional currency in which such purchases were being made resulting in previously effective accounting hedges becoming no longer
effective, from an accounting or economic perspective, resulting in the settlement and re-establishment of new hedges that were reflective
of the new purchasing entity and its functional currency. The amounts reflected within the adjustment are a result of an unusual instance
of gains and losses realized by the Company due to the circumstantial change in the organizational design, having a transitional impact
to the design and execution of our hedge program and consequentially impacting certain outstanding cash flow hedges that were no longer
effective to the Company&rsquo;s continuing operations, revenue generating activities, business strategy, industry, and regulatory environment.
The Company maintains all other gains and losses attributable to the continuing hedging activity are reflected within our non-GAAP operating
performance metric, Adjusted EBITDA. The impacts attributable to such changes were resolved during the year ended September 30, 2023.
</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>HPC product disposal &ndash; </I>The costs
associated with the HPC product disposal include the inventory cost and disposition costs to eliminate a significant amount of excess
inventory, consisting of select SKUs and Models associated with the Tristar Business acquisition after assessing the performance and quality
of the acquired products, issues realized with customers and distribution subsequent to the acquisition of the business, and the decision
to suspend further sale and support of the identified products and dispose of any associated product rather than place incremental risk
to the Company and HPC segment and avoid further deterioration in the value of the acquired brands and products. The identified inventory
has been removed from inventory, no longer subject to further sale or distribution, and removed completely from the HPC segment&rsquo;s
product portfolio. The costs reflected within the adjustment are incremental to the normal course of supporting the continuing HPC operations,
directly associated with the acquisition of the Tristar Business, and was consequential to change in strategy and therefore not reflective
of the Company&rsquo;s operations, revenue generating activities, business strategy, industry and regulatory environment. The Company
maintains all other losses attributable to excess and obsolete inventory are reflected within our non-GAAP operating performance metric,
Adjusted EBITDA. The costs attributable to the disposition were specific and event driven at the time the disposition had occurred, during
the year ended September 30, 2023, and will not be repeated in subsequent periods.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>HPC product recall </I>&ndash; The costs associated
with the HPC product recall include cash reimbursements, inventory replacement and disposition costs, third-party legal and consultation
costs, and other administrative costs to facilitate the recall for certain identified</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt 0.75in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">products
that were identified as being subject to recall actions taken with the U.S. Consumer Product Safety Commission (&ldquo;CPSC&rdquo;),
mainly associated with products that were acquired with the Tristar Business acquisition. Such activities and actions were event driven
and specific to responses required by the CPSC, and not reflective of pervasive matters that were previously existing. The costs reflected
within the adjustment are incremental and outside the normal course of operations within the Company as there has been no previous precedent
or allegation to indicate such consequential, event-driven costs were subject to the Company&rsquo;s continuing operations, revenue generating
activities, business strategy, industry, and regulatory environment. The Company maintains all other product warranty and liability costs
attributable to the continuing operations are reflected within our non-GAAP operating performance metric, Adjusted EBITDA.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><B><U>Consolidated Results of Operations, page
40</U></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD STYLE="text-align: justify"><B>In future filings, please expand your disclosures to quantify the reasons identified for the changes
between periods in both your consolidated results of operations and segment financial data on page 41. To the extent that there is more
than one business reason for the change between periods, please quantify the incremental impact of each individual reason discussed on
the overall change. Refer to Item 303(b) of Regulation S-K for guidance.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.25in; text-align: justify">The Company respectfully acknowledges
the Staff&rsquo;s comment. In response to the Staff&rsquo;s comment, the Company reviewed Item 303(b) of Regulation S-K for guidance.
The Company will make adjustments to its discussions of the consolidated results of operations and segment financial data within Item
7. Management&rsquo;s Discussion and Analysis to provide more quantified disclosure and analysis when there is more than one business
reason for change between periods in future filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center">* * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">Please feel free to contact Jeremy W. Smeltser,
Chief Financial Officer, at (608) 278-6414 or Ehsan Zargar, General Counsel &amp; Corporate Secretary at (608) 275-4924 should you have
any further questions regarding this matter.</P>

<P STYLE="text-indent: 0pt; font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 60%">&nbsp;</TD>
  <TD STYLE="width: 30%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sincerely,</FONT></TD>
  <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid">/s/ Jeremy W. Smeltser</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Jeremy W. Smeltser</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Chief Financial Officer</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>Spectrum Brands Holdings, Inc.</TD>
  <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt; text-align: justify">&nbsp;</P>

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