Why Is Energizer (ENR) Down 2.6% Since Last Earnings Report?
Energizer (ENR) ZACKS·2024-06-07 00:36
This company reported net sales of $663.3 million, which were almost in line with the Zacks Consensus Estimate but fell 3% from the year-ago quarter's reading. Organic sales dipped 2.7%. We expected organic sales to drop 2.4%. Pricing fell 3.3% due to planned strategic pricing and promotional investments, partly offsetting volume growth of 0.6% backed by Auto Care distribution gains. Energizer's adjusted gross margin expanded 260 basis points to 40.5%, driven primarily by the Project Momentum savings of $11 ...