Energizer reports sales growth in third-quarter results

Energizer Holdings has reported a 1.2% increase in net sales to $734.1 million for its third fiscal quarter, with organic sales rising 2.7%.

The battery and consumer products company said growth was driven by global distribution gains and new product development in its Batteries & Lights business, alongside increased refrigerant distribution in North America within Auto Care.

Adjusted earnings per share stood at $0.75, while adjusted EBITDA was $138.7 million. However, adjusted gross margin fell to 39.2%, compared with 44.8% a year earlier, reflecting product mix and increased promotional investment.

Energizer said it remains focused on productivity initiatives, supply chain optimisation and strengthening profitability. It expects fourth-quarter adjusted earnings per share to rise by around 25% at the midpoint of its forecast.

For the full year, the company now expects organic sales to decline by low single digits, with adjusted earnings and EBITDA at the lower end of its previously announced ranges.