A Look Back at Household Products Stocks' Q3 Earnings: Energizer (NYSE:ENR) Vs The Rest Of The Pack
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the household products stocks, including Energizer (NYSE:ENR) and its peers.
Household products companies engage in the manufacturing, distribution, and sale of goods that maintain and enhance the home environment. This includes cleaning supplies, home improvement tools, kitchenware, small appliances, and home decor items. Companies within this sector must focus on product quality, innovation, and cost efficiency to remain competitive. Household products stocks are generally stable investments, as many of the industry's products are essential for a comfortable and functional living space. Recently, there's been a growing emphasis on eco-friendly and sustainable offerings, reflecting the evolving consumer preferences for environmentally conscious options.
The 10 household products stocks we track reported a decent Q3; on average, revenues beat analyst consensus estimates by 1.9% Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, but household products stocks held their ground better than others, with the share prices up 6.8% on average since the previous earnings results.
Energizer (NYSE:ENR)
Masterminds behind the viral Energizer Bunny mascot, Energizer (NYSE:ENR) is one of the world's largest manufacturers of batteries.
Energizer reported revenues of $811.1 million, up 2.6% year on year, topping analyst expectations by 2.1%. It was a decent quarter for the company, with an impressive beat of analysts' revenue growth estimates.
"The fourth fiscal quarter provided a strong finish to fiscal year 2023," said Mark LaVigne, Chief Executive Officer.
The stock is down 5.8% since the results and currently trades at $31.71.
Is now the time to buy Energizer? Access our full analysis of the earnings results here, it's free.
Best Q3: Clorox (NYSE:CLX)
Founded in 1913 with bleach as the sole product offering, Clorox (NYSE:CLX) today is a consumer products giant whose product portfolio spans everything from bleach to skincare to salad dressing to kitty litter.
Clorox reported revenues of $1.39 billion, down 20.3% year on year, outperforming analyst expectations by 5.8%. It was a very strong quarter for the company, with an impressive beat of analysts' earnings estimates.
Clorox scored the biggest analyst estimates beat but had the slowest revenue growth among its peers. The stock is up 22.5% since the results and currently trades at $141.37.
Is now the time to buy Clorox? Access our full analysis of the earnings results here, it's free.
Weakest Q3: Central Garden & Pet (NASDAQ:CENT)
Enhancing the lives of both pets and homeowners, Central Garden & Pet (NASDAQGS:CENT) is a leading producer and distributor of essential products for pet care, lawn and garden maintenance, and pest control.
Central Garden & Pet reported revenues of $750.1 million, up 6% year on year, exceeding analyst expectations by 2.1%. It was a weak quarter for the company, with a miss of analysts' operating margin estimates.
The stock is up 10.4% since the results and currently trades at $48.38.
Read our full analysis of Central Garden & Pet's results here.
WD-40 (NASDAQ:WDFC)
Short for “Water Displacement perfected on the 40th try”, WD-40 (NASDAQGS:WDFC) is a renowned American consumer goods company known for its iconic and versatile spray, WD-40 Multi-Use Product.
WD-40 reported revenues of $140.4 million, up 12.4% year on year, surpassing analyst expectations by 4.5%. It was an impressive quarter for the company, with a solid beat of analysts' revenue estimates.
WD-40 achieved the fastest revenue growth among its peers. The stock is up 15% since the results and currently trades at $272.22.
Read our full, actionable report on WD-40 here, it's free.
Kimberly-Clark (NYSE:KMB)
Originally founded as a Wisconsin paper mill in 1872, Kimberly-Clark (NYSE:KMB) is now a household products powerhouse known for personal care and tissue products.
Kimberly-Clark reported revenues of $5.13 billion, up 1.6% year on year, falling short of analyst expectations by 0.6%. It was a strong quarter for the company, with an impressive beat of analysts' revenue growth estimates and a solid beat of analysts' gross margin estimates.
Kimberly-Clark had the weakest performance against analyst estimates among its peers. The stock is up 1.2% since the results and currently trades at $123.27.
Read our full, actionable report on Kimberly-Clark here, it's free.
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The author has no position in any of the stocks mentioned
