HIGHOutside partyCustomer
64%
Home Depot, Lowe's and Walmart (H&G segment)
“10-K Item 1: 'consisting of The Home Depot, Lowe's and Walmart, representing approximately 64% segment sales for the year ended September 30, 2025'”
SPB · Concentration risk · 10-K extracted
Spectrum Brands Holdings (SPB) concentration risks
Updated
The most significant concentration Spectrum Brands Holdings discloses is Home Depot, Lowe's and Walmart (H&G segment) at 64%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Spectrum Brands Holdings’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH2
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
APAC third-party suppliers (HPC)
“10-K Item 1: 'Substantially all segment products are manufactured by third-party suppliers located in the APAC region'”
MEDIUMOutside partyCustomer
42%
Amazon and Walmart (HPC segment)
“10-K Item 1: 'consisting of Amazon and Walmart, representing approximately 42% of segment sales for the year ended September 30, 2025'”
MEDIUMOutside partyCustomer
34%
Amazon and Walmart (GPC segment)
“10-K Item 1: 'consisting of Amazon and Walmart, representing approximately 34% of segment sales for the year ended September 30, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentrations are customer- and supply-side, and they vary by segment. In Home & Garden, the largest retailers — The Home Depot, Lowe's, and Walmart — together represented approximately 64% of segment sales, a high-share dependency by disclosed size on a small set of big-box accounts. In Home & Personal Care, Amazon and Walmart together accounted for approximately 42% of segment sales, and in the Global Pet Care segment the same two represented approximately 34% of segment sales — both medium-share dependencies. On the supply side, substantially all Home & Personal Care products are manufactured by third-party suppliers in the APAC region, a high-share dependency that concentrates sourcing geographically. Netting these out, the retail-customer concentration in Home & Garden is the largest single exposure, with the Amazon and Walmart weighting across two other segments and the APAC manufacturing reliance as additional structural dependencies. The big-box retail relationships and the Asian sourcing base are the lines most worth monitoring.
For the engine’s reasoning on SPB’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Household & Personal Products
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CHD | Church & Dwight Company, Inc. | 3 | 2 | 1 | 6 |
| CLX | Clorox Company (The) | 2 | 3 | 0 | 5 |
| SPB● | Spectrum Brands Holdings, Inc. | 2 | 2 | 0 | 4 |
| COTY | Coty Inc. | 1 | 1 | 0 | 2 |
| CL | Colgate-Palmolive Company | 0 | 2 | 1 | 3 |
| EL | Estee Lauder Companies, Inc. (T | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.