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Energizer's (ENR) second-quarter fiscal 2024 sales were lower year over year on soft organic sales and lower sales for the Batteries & Lights segment.
The headline numbers for Energizer (ENR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Energizer Holdings (ENR) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.64 per share a year ago.
ENERGIZER HOLDINGS, INC. TO WEBCAST A DISCUSSION OF SECOND QUARTER FISCAL YEAR 2024 RESULTS ON MAY 7
ST. LOUIS , April 9, 2024 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) will report its Second Quarter Fiscal Year 2024 results before the market opens on May 7. Energizer also will discuss its results during an investor conference call that will be webcast beginning at 10 a.m.
Energizer Holdings promises lower net leverage in 2024 and expects operating efficiency increases in battery manufacturing and distribution. Recent acquisitions may lead to net income growth for Energizer in the future. The growth of the battery market and innovation efforts are catalysts for net revenue and net income growth for Energizer.
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Energizer (ENR) boosts growth and efficiency, enhancing its Auto Care segment and financial stability through strategic consumer engagement. However, the battery category volumes have been soft.
The electric vehicle market has seen strong momentum these past few years, with industry experts expecting it to grow to $951.9 billion by 2030 with a 13.7% CAGR. Strong support from the government for the adoption of EVs has opened up opportunities for investors to look at related sectors.
The plaintiffs said the alleged conspiracy began in 2018, and left other retailers at risk of being cut off by Energizer if they charged less than Walmart.
Energizer's (ENR) fiscal first-quarter earnings beat estimates by a couple of cents. Amid challenges, the company is focusing on cost-saving measures and undertaking strategic endeavors.