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
  • Patent Update

    Patent Update

    June 30, 2016
    J&J's anti-aging patent, LVMH and cannabis essential oil, transdermal botulinum toxins and more in recent patent news.

  • Start Stuffing The Ballot Box (Again)!

    Start Stuffing The Ballot Box (Again)!

    June 28, 2016
    Vote on the finalists in Happi's reader's choice Anti-Aging Product of the Year contest!

  • What

    What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 27, 2016
    Euromonitor weighs in on how Brexit could impact consumer product companies.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.