UPDATE 1-Spectrum Brands posts quarterly loss
* Q2 adjusted shr loss $0.01
* Sales up 5.8 pct to $532.6 mln
* Still sees FY sales up 3-5 pct
CHICAGO, May 5 (Reuters) - Spectrum Brands Inc (SPB.N), the maker of Rayovac batteries and Remington shavers that emerged from bankruptcy last year, posted a narrower quarterly loss and stood by its expectations for sales growth on Wednesday.
Spectrum lost $19 million, or 63 cents per share, for its fiscal second quarter ended April 4, compared with a loss of $60.4 million, or $1.18 per share, a year earlier.
On an adjusted basis, it lost 1 cent per share.
Sales rose 5.8 percent to $532.6 million.
The company said adjusted earnings before interest, taxes, depreciation and amortization rose 19.8 percent to $75.2 million.
Spectrum said it still expects sales to rise 3 to 5 percent this year, with adjusted EBITDA of $335 million to $345 million.
The company has been busy updating its operations and strategy. It plans to buy appliance company Russell Hobbs this summer and named a new chief executive, David Lumley, last month. Lumley was previously the president of Spectrum's batteries, personal care and home and garden divisions and served as its co-chief operating officer. (Reporting by Jessica Wohl, editing by Gerald E. McCormick)