News Column

BRIEF: Energizer's 3Q profit falls

July 30, 2014

By Lisa Brown, St. Louis Post-Dispatch

July 30--Energizer Holding's third quarter profit fell on lower sales in its household products division.

The Town & Country-based battery, lighting and personal care products company reported a $64.5 million profit for the quarter that ended June 30, or $1.03 a share, down from an $87.2 million profit, or $1.38 a share, a year earlier.

Net sales in the quarter grew to $1.13 billion, up from $1.11 billion a year earlier. The company's sales were boosted by its personal care division, which includes Schick razors, Hawaiian Tropic sunscreen and Playtex tampons, grew 10.6 percent in the quarter, to $649.5 million.

Net sales in Energizer's household products division, which includes battery and lighting products, fell 10.9 percent to $462 million. Last year, retailers Sam's Club and Family Dollar dropped the Energizer line, putting a dent in sales.

Energizer announced earlier this year that it's splitting its household and personal care divisions into two separate companies in 2015.

Lisa Brown is a business reporter at the Post-Dispatch. Follow her on Twitter @LisaBrownSTL and the Business section @postdispatchbiz.


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Source: St. Louis Post-Dispatch (MO)

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