Breaking News

Strong Personal Care Results Can't Lift Energizer in Q3

July 30, 2014

Sales of razors and skin care products rise 10%

Energizer Holdings Inc. reported that personal care sales increased during its fiscal third quarter, but battery and other product sales dragged down results during the period. Third quarter sales rose 1.7% to $1.1 billion. Net sales of personal care products, including Banana Boat sun care products and Schick shaving cream, rose 10.6% to $718 million and organic net sales increased 1.9%. 

Energizer said last quarter that it plans to separate into two publicly traded companies—one for batteries and other household products, and the other for personal care brands such as Schick razors and Stayfree female hygiene products.

For the nine months, corporate sales fell 2.8% to $3.3 billion.

"Third quarter adjusted net earnings per diluted share were in-line with our expectations," said Ward M. Klein, Chief Executive Officer.  "A&P spending increased significantly in the third quarter, our Personal Care Division achieved top-line growth and this is the last full quarter of cycling through the impact of the distribution losses that the Household Products Division experienced at the end of the last year's third fiscal quarter.   In addition, we continue to make excellent progress with our Restructuring Project and Working Capital Initiative.  We believe these results will help us achieve a strong finish to the fiscal year and position both businesses for future success as we work towards separating the businesses in 2015.  We are reaffirming our adjusted earnings per share outlook of $7.00 to $7.25," continued Mr. Klein.

Looking ahead, total company organic net sales are expected to decline in the low- to mid-single digits for the full 2014 fiscal year; quarter four organic net sales are estimated to be flat. More specifically,personal care organic net sales are expected to decline in the low-single digits for the full fiscal year; while quarter four organic net sales are estimated to be flat. Household products organic net sales are expected to decline in the mid- to high-single digits for the full fiscal year; quarter four organic net sales are expected to stabilize after lapping the prior year distribution losses in the U.S.

Related End-User Markets:

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Organic Matter

    Organic Matter

    Christine Esposito, Associate Editor||November 14, 2016
    FTC and USDA hold a public roundtable to discuss consumers’ perception of organic claims.

  • Get Ready, ‘Cause Here it Comes…

    Get Ready, ‘Cause Here it Comes…

    Christine Esposito, Associate Editor||November 1, 2016
    Skinphonic is a new brand created with a team of beauty experts and fronted by singer Smokey Robinson.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna , Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • Perform or Perish

    Perform or Perish

    Christine Esposito, Associate Editor||December 1, 2016
    Success in today’s skin care sector begins with active ingredients, formulated in products that address modern-day issues.

  • Soap Opera

    Soap Opera

    Christine Esposito, Associate Editor||November 2, 2016
    FDA’s recent antibacterial ruling has soap sector stakeholders scrambling to keep some ingredients in their formulation kit.