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Personal Care Results Energize Energizer

Wet shave sales provide a lift, skin care sales decline.

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By: TOM BRANNA

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Energizer reported that sales in the quarter ended Dec. 31, 2010 were flat at $1.17 billion, while earnings dropped more than 10% to $110 million. However, personal care results were positive. In fact, personal care net sales for the quarter rose 8% to $508.6 million, including approximately $27 million of incremental sales from the acquisition of American Safety Razor (ASR) on November 23, 2010. In addition, Venezuela net sales decreased by approximately $12 million for the quarter as a result ...

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