Although net sales fell 2.2% to $4.5 billion, the company’s CEO considers 2013 as positive.
“Fiscal 2013 was another successful year for Energizer,” said Ward M. Klein, chief executive officer. “Adjusted net earnings per diluted share hit a record $6.96, up 12.3% versus the previous year, the second consecutive year of double digit adjusted net earnings per share growth in spite of unprecedented competitive activity, soft category dynamics, and currency headwinds.”
More specifically, personal care sales rose less than 1% on the year to nearly $2.5 billion. Skin care product sales were flat at $429 million. Household product sales were nearly $2.1 billion.