A Look Back at Household Products Stocks’ Q3 Earnings: Energizer (NYSE:ENR) Vs The Rest Of The Pack

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Energizer (NYSE:ENR) and the rest of the household products stocks fared in Q3.

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. These trends can be double-edged swords that benefit companies who innovate quickly to take advantage of them and hurt companies that don't invest enough to meet consumers where they want to be with regards to trends.

The 10 household products stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 0.9% while next quarter’s revenue guidance was 1.1% below.

While some household products stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4% since the latest earnings results.

Energizer (NYSE:ENR)

Energizer reported revenues of $805.7 million, flat year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with full-year EBITDA guidance topping analysts’ expectations but a significant miss of analysts’ gross margin estimates.

"We finished fiscal 2024 with solid performances across both Battery and Auto Care, driving adjusted earnings growth above our initial expectations," said Mark LaVigne, President and Chief Executive Officer.

Interestingly, the stock is up 2.2% since reporting and currently trades at $34.89.

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Best Q3: Clorox (NYSE:CLX)

Clorox reported revenues of $1.76 billion, up 27.1% year on year, outperforming analysts’ expectations by 7.6%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA and organic revenue estimates.

Clorox scored the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 1.8% since reporting. It currently trades at $159.43.

Slowest Q3: Central Garden & Pet (NASDAQ:CENT)

Central Garden & Pet reported revenues of $669.5 million, down 10.8% year on year, falling short of analysts’ expectations by 5.9%. It was a softer quarter as it posted a significant miss of analysts’ organic revenue and adjusted operating income estimates.

Central Garden & Pet delivered the weakest performance against analyst estimates and slowest revenue growth in the group. The stock is flat since the results and currently trades at $38.80.

WD-40 (NASDAQ:WDFC)

WD-40 reported revenues of $156 million, up 11.1% year on year. This print surpassed analysts’ expectations by 4.6%. However, it was a slower quarter as it logged a significant miss of analysts’ EBITDA estimates and full-year EPS guidance missing analysts’ expectations.

WD-40 had the weakest full-year guidance update among its peers. The stock is down 9.3% since reporting and currently trades at $240.11.

Colgate-Palmolive (NYSE:NYSE:CL)

Colgate-Palmolive reported revenues of $5.03 billion, up 2.4% year on year. This number beat analysts’ expectations by 0.5%. Aside from that, it was a mixed quarter as it also recorded a decent beat of analysts’ organic revenue estimates but a slight miss of analysts’ EBITDA estimates.

The stock is down 8.5% since reporting and currently trades at $91.30.

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This content was originally published on Stock Story