Personal care shows strong growth for Energizer Q2

Overall the group, which is jointly focused on its mainstay personal care and household consumer products, showed an organic increase of 6.8 percent to reach $1.10bn for the second quarter, compared to a turnover of $1.04bn in the corresponding quarter last year.

On a reported basis, the company said that reported net sales had increased by 6.4 percent, a figure that was mainly driven by gains in the personal care and household products categories, a figure that was negatively impacted by currency translations by 0.4 percent.

Profits almost doubled for Q2​ 

As a result of the gains, net earnings almost doubled during the quarter, up from $39.1m in the corresponding period last year, to $77.9m.

Company CEO Ward Klein, pointed to the fact that the business was benefitting from planned cost savings and restructuring implemented during the course of the last year, while pricing had also positively impacted the results.

Focusing on the groups personal care results, reported sales for the quarter increased by 6.7 percent to reach $651.5m, while this represented an increase of 6.9 percent in organic terms.

Schick Hydro brands leads the personal care gains​

Net sales for the wet shave division increased by 11 percent on the back of higher sales of the Schick Hydro, thanks to the launch of the Hydro 5 Power Select and the Hydro Silk women’s systems.

Net sales in skin care increased by 4 percent on the back of higher volumes from sun care shipments, a figure that was partially offset by higher promotional and trade spending.

For infant care, the company said that sales slipped by 11 percent, which it attributed to category softness, heightened competition and the timing of its shipments.

For the last six months personal care sales increased by 8.6 percent in reported terms to $1.21bn, a figure that was positively impacted by currency translations, which meant that organic sales for the period were up by 4.4 percent.