Breaking News

Energizer Sees Slow Q1

By Melissa Meisel | January 29, 2014

Personal care is down this quarter.

Energizer Holdings, Inc. posted results for the first fiscal quarter, which ended Dec. 31, 2013.  Net sales fell 6.6% to $1.1 billion. In personal care, net sales were down 0.7% to $550.2 million; while household productsnet sales fell 11.7% to $563.7 million.
 
"First quarter adjusted net earnings per diluted share were in-line with expectations as lower spending and accretion from the recently acquired feminine care brands helped offset organic top-line softness," said Ward M. Klein, chief executive officer.  "However, we were disappointed by the sluggish top-line performance within our Personal Care Division.  We believe heightened promotional activity over the past year has adversely impacted first quarter consumer demand and overall category volumes. 
 
“In addition, our results were negatively impacted by unfavorable global currencies, and pricing controls and import restrictions in certain Latin American countries.  We believe that many of these unfavorable trends will continue at least through the first half of our fiscal year.  Despite these headwinds, we remain committed to maintaining our planned investment levels in support of our brands," continued Klein.

blog comments powered by Disqus
  • Active Agents

    Active Agents

    September 19, 2016
    On the surface, surfactants may seem staid, but the market, and the supplier activity driving it, is bubbling.

  • Jam On It!

    Jam On It!

    Melissa Meisel, Associate Editor||September 19, 2016
    Jamberry sees success in artsy nail accessories.

  • Expanding Erbaviva

    Expanding Erbaviva

    Christine Esposito, Associate Editor||September 13, 2016
    A farm-to-bottle organic brand celebrates its 20th anniversary with a new look, new products and plans to expand in the US.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.