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Energizer

This article was originally published in The Rose Sheet

Executive Summary

First quarter razors and blades division profit jumped $7.6 mil. to $46.6 mil. on "lower advertising and promotional spending compared to last year's higher spending related to the launch of Quattro in several European markets, as well as lower selling and administrative expenses," firm reports Jan. 23. However, razor and blade sales dropped 5% to $216.1 mil. including impact from currency. Excluding currency, Quattro sales were up 30% over the same quarter last year "on incremental sales from Quattro for Women and Quattro Power," Energizer notes, adding older products offset Quattro gains. Company held a 20.7% overall share in the wet shave category in primary markets for the year ending November 2005, versus 21.5% in the prior year. Net earnings in Q1 were flat at $120.5 mil. and net sales were up $6.5 mil. to $882.4 mil...

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