The Zacks Consumer Products – Staples industry consists of companies involved in marketing, producing and distributing a wide range of consumer products. These include personal care items, cleaning equipment, stationery, bed and bath products and household goods like kitchen appliances, cutlery and food storage. Some industry participants also provide batteries and lighting products, whereas some offer pet food and treats, pet supplies, pet medications and pet services. Companies in the Consumer Products – ...

Energizer Holdings Inc. (ENR) has seen a remarkable uptrend in its stock performance over the past three months, driven by the strategic initiatives for sustainable growth, emphasizing consumer engagement and pricing strategies. In the said period, ENR's stock has risen approximately 8.5%, outpacing both the industry's 4.9% increase and the sector's growth of 3%. In the most recent trading session, Energizer's stock closed at $29.84, which is trading above its 50-day and 100-day moving averages, signaling s ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Another great Consumer Products - Staples stock you could consider is Newell Brands (NWL) , which is a # 1 (Strong Buy) stock with a Value Score of A. On top of the Zacks R ...

But there is more to this whole P/E story. Because not only low P/E, stocks with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of Energizer (ENR) ,Super League Enterprise Inc. (SLE) and Enovis (ENOV) . Investors often opt for the stock-picking approach that involves stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio is, the higher the stock value. The reasoning behind this is straightforward — when a ...

ST. LOUIS, July 8, 2024 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) will report its Third Quarter Fiscal Year 2024 results before the market opens on August 6. Energizer also will discuss its results during an investor conference call that will be webcast beginning at 10 a.m. ET. The call will be hosted by Mark LaVigne, Chief Executive Officer, and John Drabik, Chief Financial Officer. All interested parties may access a live webcast of this conference call at www.energizerholdings.com, under the I ...

Alongside this, Energizer is leveraging advanced data analytics for improved pricing and revenue management, expanding brand visibility and probing strategic opportunities in attractive international markets. These initiatives are designed not just to bolster the current performance but to position Energizer strategically for future market dynamics. Image Source: Zacks Investment Research Digging Deeper The company's performance highlights robust financial health, reflecting a sound strategy that can adapt ...

Core Insights - Energizer is focusing on sustainable growth through operational efficiency, cost savings, and debt reduction, despite facing challenges in certain segments [12][15]. Financial Performance - The Auto Care segment has shown significant growth, with revenues increasing by 2.3% year over year to $182.3 million in Q2 of fiscal 2024, alongside a 600-basis-point expansion in segmental profit [2]. - The adjusted gross margin improved by 260 basis points to 40.5%, driven by Project Momentum and lower input costs [16]. - The Zacks Consensus Estimate for sales in the current and next quarters is $705.1 million and $817.9 million, respectively, indicating a year-over-year growth of 0.8% [5]. Cost-Saving Initiatives - Energizer anticipates total savings from its cost-saving program between $160 million and $180 million over three years, with expected savings of $55-$65 million for fiscal 2024 [1]. - Project Momentum has generated approximately $100 million in total savings, with $20 million achieved in Q2 of fiscal 2024 alone [8]. Debt Management - The company has implemented a robust debt reduction strategy, paying down $60 million in debt during the fiscal second quarter and reducing total debt by $425 million over the past seven quarters [3][17]. - Energizer's debt structure remains strong, with a weighted average cost of debt at 4.6% and no significant debt maturities until 2027 [17]. Segment Challenges - The Batteries & Lights segment faced challenges, with revenues decreasing by 4.9% year over year to $481 million in Q2, impacted by competitive pressures from private labels [4][10].

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 ...

Energizer Holdings Inc. (ENR) is actively pursuing a series of strategic initiatives aimed at fostering sustainable growth and profitability. These initiatives are broad, covering everything from consumer engagement to pricing strategies, all designed to enhance brand loyalty and increase market share without sacrificing margins. A key component of these strategies is the company's Project Momentum initiative, which focuses on cost- saving measures and operational efficiencies to boost margin expansion and ...

Energizer Holdings, Inc. (ENR) reported second-quarter fiscal 2024 results, wherein its bottom line surpassed the Zacks Consensus Estimate. Its adjusted earnings of 72 cents per share beat the Zacks Consensus Estimate of 67 cents. Also, the bottom line increased 13% from the year-ago quarter’s reported figure.This current Zacks Rank #2 (Buy) 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 ...