Energizer Holdings (NYSE: ENR) saw its stock plummet 5.54% in pre-market trading on Tuesday following the release of its fiscal 2025 second-quarter earnings report. The battery maker's results revealed challenges in meeting sales expectations and a cautious outlook for the remainder of the year, triggering a sell-off among investors.
For the second quarter, Energizer reported adjusted earnings per share of $0.67, which met analysts' estimates but represented a 6.94% decrease from the same period last year. However, the company's quarterly sales came in at $662.9 million, missing the consensus estimate of $669.58 million and showing a slight 0.06% year-over-year decline. The weakness in Energizer's auto-care business offset the strength in its battery segment, contributing to the overall sales disappointment.
Adding to investor concerns, Energizer lowered its full-year guidance, now expecting fiscal 2025 organic net sales to be in the range of flat to up 2%. The company also adjusted its fiscal 2025 earnings per share forecast to $3.30 to $3.50, below the previous estimate of $3.55. Management cited expectations of "a more cautious consumer over the balance of the year" as a key factor in their revised outlook, despite noting limited direct impact from tariffs on its fiscal 2025 results due to already completed sourcing shifts and pricing actions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.