Energizer Holdings, Inc. Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against Energizer Holdings, Inc. (“Energizer” or the “Company”) (NYSE: ENR). The investigation concerns the Company’s possible violations of the federal securities laws.
On November 12, 2020, Energizer announced its fourth quarter and full year 2020 financial results, reporting net sales of $763.0 million for the quarter. The Company also reported gross margins of 36.9%, a decline from 40.0% in the prior year quarter, which “reflect[ed] the demand impact from COVID-19 that was elevated and prolonged for much of fiscal 2020 which put significant stress on [Energizer’s] global network.”
On this news, the Company’s stock price fell $6.98, or 15%, to close at $40.20 per share on November 12, 2020, thereby injuring investors.
If you purchased or otherwise acquired Energizer securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.