Organic sales fall at Energizer

Energizer (NYSE:ENR) reports organic sales fell 2.8% Y/Y in FQ3.

Currency swings impacted sales by 60 bps during the period.

Segment revenue: Personal Care +10.5% to $718M; Household Products -10.9% to $462M.

Gross margin rate: +180 bps to 47.7%, largely due to restructuring and pricing gains within the Personal Care segment.

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