ENR - Energizer charges up on pricing power raised revenue forecast

Energizer (NYSE:ENR) shares hopped higher after posting top and bottom line beats for the fiscal second quarter alongside rosy revenue forecasts for the full year. The St. Louis-based battery manufacturer reported non-GAAP EPS of $0.47, nine cents above Wall Street estimates, while $685.4 million in revenue came in $30.02 million above expectations. The company credited a 5% increase in battery and auto care prices as pivotal to producing the positive results in the quarter.  "Our top-line performance exceeded expectations driven by successful pricing execution across our brands and strong organic growth in our auto care business," CEO Mark LaVigne said. "Through pricing actions and improved supply chain performance, we continue to offset inflationary cost pressures and improve speed to market.” As a result, LaVigne raised the company’s outlook for top-line growth to reflect low single digit growth for the fiscal year while reaffirming EPS guidance. Adjusted earnings per share of

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Energizer charges up on pricing power, raised revenue forecast