América Retail | Homepage
Friday, June 23, 2017

La primera comunidad del retail en Latinoamérica

Finanzas: Energizer Holdings – A Progress Report

Finanzas: Energizer Holdings – A Progress Report

Noviembre 18, 2016

👤Periodista: Dayana Vazquez 🕔18.Nov 2016

 

Energizer (NYSE: ENR), spun off as an independent battery company on July 1, 2015, is showing the share gains we anticipated as an independent company with increased focus on the battery category. The spin-off of Duracell to Berkshire Hathaway (NYSE: BRK.A, BRK.B) in February 2016 has been hampered by the normal integration management of an acquisition, complicated by the need for restructuring and integration into an organization with no prior battery experience or CP G infrastructure.

The Energizer – Duracell Share Interactions

The continuing story is the tradeoff between Energizer and Duracell in shares since the beginning of the year. Within Nielsen outlets the shift in the gap between Energizer and Duracell has moved 6 share points in Energizer’s favor, from 17.2 for the four weeks ended Jan. 23, 2016, to 11.1 for the latest four weeks ended Nov. 5, 2016.

LEA TAMBIÉN: Finanzas: DICK’S Sporting Goods Reports Third Quarter Results

Within Nielsen outlets, I have observed the facings improvements at Walmart with none of the fanfare of the original losses; Energizer, Duracell and Rayovac (Spectrum, NYSE: SPB) are now at 38%, 27% and 35%, respectively. I see similar share of shelf improvements in non-Nielsen outlets such as Home Depot (NYSE:HD). Energizer has also spoken of distribution gains including recovery of some of the losses of a few years ago, but without any specifics.

This sets the stage for a return to the historic relationship between these two major battery brands. The current 11-point gap should be sustainable and brings them back to the 11-point gap we saw in 2013. Energizer has spoken about keeping the fight for distribution and space rational and profitable. If they execute on that philosophy and don’t get too greedy, they should be able to avoid an over-reaction from Duracell. Sustaining that gain would be worth about +6% for the North American business and +3.5% for the global entity.

Fuente: Seeking Alpha

Articulos relacionados

Finanzas: Jeff Bezos= el más inteligente para hacer negocios

Finanzas: Jeff Bezos= el más inteligente para hacer negocios

Junio 22, 2017

  Justo cuando piensas que conoces a Amazon, la empresa va y cambia todo. Amazon impactó

Finanzas: Wal-Mart – Grocery Wars Coming To A Town Near You

Finanzas: Wal-Mart – Grocery Wars Coming To A Town Near You
Junio 22, 2017

  Summary Should Wal-Mart be overly concerned over Amazon's Whole Foods purchase? We take a look

Finanzas: Target: Opportunity On Whole Foods Acquisition

Finanzas: Target: Opportunity On Whole Foods Acquisition
Junio 22, 2017

  Summary Target's sell-off, combined with dividend increase has created a 4.8% yield. Target's forward earnings

Finanzas: Takata se declara en bancarrota en EU y sus acciones se desploman

Finanzas: Takata se declara en bancarrota en EU y sus acciones se desploman
Junio 21, 2017

  El fabricante de bolsas de aire Takata se desplomó este martes en la Bolsa de

Finanzas: Amazon: puede tumbar los objetivos de inflación de la Fed

Finanzas: Amazon: puede tumbar los objetivos de inflación de la Fed
Junio 21, 2017

  El anuncio de compra de Whole Foods Market por parte de Amazon supone un golpe

Últimas Noticias

Newsletter

SECTIONS

América Retail