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Energizer Holdings announces fourth quarter and fiscal 2009 declines
Energizer Holdings Inc., St Louis, Mo., announced results of its fourth quarter and fiscal year ended Sept. 30, 2009. Net earnings for the quarter were $37.1 million versus net earnings of $99.1 million in the fourth fiscal quarter of 2008.
“Fiscal 2009 was a challenging year in which we took significant actions to fortify our businesses,” said Ward Klein, chief executive officer. “In the fourth quarter, we implemented restructuring efforts and focused on reducing debt so that we enter fiscal 2010 with sufficient momentum to properly support our brands and innovation pipeline. We will continue to invest in both advertising and promotion and innovation so that we can meet our mid to long-term growth objectives. This combined with an anticipated improvement in consumption as the economy slowly recovers, should allow us to return to double digit growth in net earnings and single digit growth in earnings per share in 2010.”
For the current quarter, total net sales decreased $44.0 million, or 4 percent, to $1,079.4 million. On a constant currency basis, sales decreased $7 million, or less than 1 percent.
