Net sales for the global personal care product category of $119.7 million in the fourth quarter of fiscal 2012 declined 1.5 percent versus $121.5 million last year. Increased revenues in Latin America were more than offset by lower net sales in Europe. North America revenues were essentially unchanged. Excluding an unfavorable foreign exchange impact of $5.4 million, global personal care product category net sales increased 2.9 percent for the fourth quarter.The small electrical appliances product category reported net sales in the fourth quarter of fiscal 2012 of $195.9 million, a decrease of 7.1 percent compared to $211.0 million last year. Higher net sales in Europe and Latin America, driven by market share gains, geographic expansion, new customers and pricing, were more than offset by lower revenues in North America, which were due largely to the planned and continued elimination of low margin promotions. Excluding a negative foreign exchange impact of $4.2 million, net sales for the small electrical appliances product category declined 5.1 percent in the fourth quarter of 2012.
Spectrum Brands Holdings Reports Record Results For Fiscal 2012, Meets Or Exceeds Full-Year Financial Guidance
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.