Energizer Holdings falls on Q1 earnings miss

Energizer Holdings

06/02/2023 16:20

(Updates)
    ** Shares of electrical components and equipment firm
Energizer Holdings  ENR.N  down 8.5% at $34.09 on Q1 earnings
miss - set for its worst day since Nov. 2020
    ** Posts net sales of $765 mln below Refinitiv est of $786
mln; EPS of 72 cents vs est 77 cents
    ** Co reaffirms FY outlook - low single-digit organic
revenue growth, EPS of $3-$3.30
    ** Shipments did lag U.S. retail sales in tracked scanner
channels and retailer inventory draws have been a theme in the
household and personal care sector this quarter, says Evercore
ISI
    ** Five "buy" and six "hold" ratings on stock; median PT at
$38.50 
    ** Stock up 11% YTD after 16% fall in 2022
 (Reporting by Ankika Biswas and Akash Sriram in Bengaluru)
 ((Ankika.Biswas@thomsonreuters.com))