Energizer reports Q1 adjusted EPS 72c, consensus 76c

Reports Q1 revenue $765.1M, consensus $785.86M. "During the critical holiday season, we continued to deliver strong operating results while advancing our Project Momentum initiatives," said Mark LaVigne, CEO. "Our focused efforts behind restoring gross margins and reducing working capital drove free cash flow of nearly 20% of net sales, enabling us to pay down over $100 million in debt in the first four months of the fiscal year. Our categories remain strong and we believe our brands continue to be chosen by consumers, which is particularly important in today’s evolving macroeconomic environment. We continue to execute on our strategic priorities, and are confident in our ability to deliver on our current year plans as well as our long-term objectives."