05.02.12
Energizer Holdings, Inc. posted results for the second fiscal quarter ended March 31, 2012.For the quarter, net sales increased 6.4% net sales of $1,101.8 million, driven by growth in both Personal Care and Household Products.
Ward Klein, chief executive officer at Energizer, said,"We remain pleased with the growth of the Hydro franchise and the initial response to Hydro Silk and Hydro 5 Power Select.Additionally, we are realizing the planned cost savings from last year's restructuring and value accretion from recent pricing activities in the Household Products division.Our third quarter earnings will reflect significant planned advertising and promotional investments on the current Hydro new product launches.”
In personal care, net sales for the quarter increased 6.7%to $610.4 million. Net sales in Wet Shave increased 11% due to higher sales of Schick Hydro, including launch shipments of Schick Hydro 5 Power Select and Hydro Silk women's systems, higher Schick Hydro men's blade refill sales, lower promotional spending, and higher Edge and Skintimate shave preparation shipments. These increases were partially offset by lower sales of legacy men's and women's system products. Net sales in Skin Care increased 4% on significantly higher volume due primarily to the timing of shipments in the early stages of the sun care season, partially offset by higher promotional and trade spending, andnet sales in Infant Care decreased 11% due to category softness, heightened competitive activity and timing of shipments.
For the six months, net sales for personal care increased 8.6% to $1.12 billion. Net sales in Wet Shave increased 13%, including the impact of ASR. Organic sales increased 8% due primarily to increased sales of Schick Hydro men's systems, including the launch of Schick Hydro 5 Power Select, the launch of Schick Hydro Silk women's systems and higher shipments of disposables and shave preparations, which were partially offset by lower sales of legacy men's and women's systems. In Skin Care, net sales increased 6% for the current year six months on higher shipments of Sun Care, due to timing and international growth. Net sales in Infant Care decreased 8% due to category softness and competitive activity.