ENR - Energizer to hike prices across its global battery business; reaffirms FY21 guidance

Energizer Holdings (ENR) plans to execute broad-based price increases across its global battery business, including its alkaline, lithium, carbon-zinc, and rechargeable products.The Company has notified customers in the U.S. and Canada of the increases, which are necessary to offset significant cost inflation, such as commodities, freight and labor.The Company will implement these actions through list price changes, which will be phased in throughout fiscal 2022Energizer reaffirms guidance for FY21, sees EPS of $3.30-3.50 vs. a consensus of $3.47; sees revenue growth of 5-7% y/y to $2.88-2.94 billion vs. $2.93 billion consensus.

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Energizer to hike prices across its global battery business; reaffirms FY21 guidance