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
  • Long Term Sustainability In the Nonwovens Market

    Long Term Sustainability In the Nonwovens Market

    August 23, 2016
    Learn more at Cleaning Products USA, Nov. 9-11, 2016

  • Fro Yo!

    Fro Yo!

    Tom Branna, Editorial Director||August 22, 2016
    Project Beauty dishes out Hairgurt, a line of vitamin-rich hair shampoos and conditioning masques.

  • TLC for Those Who Need It Most

    TLC for Those Who Need It Most

    Christine Esposito, Associate Editor||August 22, 2016
    New curriculum debuting at Bellus Academy helps estheticians treat a population that needs TLC.