Energizer Holdings Inc. said Thursday that earnings and revenue fell for its latest quarter, impacted by the timing of holiday shipments, currency headwinds and the unfavorable comparison to prior-year, temporary promotional gains.

While profit narrowly missed forecasts, sales edged ahead of Wall Street expectations.

The St. Louis company in July split from the newly named Edgewell Personal Care Co., a move to separate its struggling battery business from the better-performing Schick razors and other personal-care brands.

Disposable batteries have been largely displaced as consumers shift to smartphones and other devices with built in and rechargeable batteries.

"Fiscal 2015 was a transformational year for the new Energizer," said Alan Hoskins, chief executive. "We delivered solid results while executing a very complex spinoff transaction and facing unprecedented foreign currency headwinds that had a significant impact on our top and bottom lines."

Looking ahead to 2016, the company said it expects organic net sales to be flat to down low-single digits with currency impacts reducing net sales by $50 million to $60 million, or 3% to 4%. Adjusted earnings on a per-share basis are expected to be in the range of $1.90 to $2.10. The forecast was downbeat compared to analysts' estimates of $2.48 per share.

For the quarter ended Sept. 30, organic net sales fell 7.9%, with foreign exchange volatility accounting for 6.8% of the decline. Change in Venezuela results, due to the deconsolidation, also dented results.

Restructuring related charges in the latest quarter were $2.8 million.

Overall, the company posted a profit of $23.1 million, or 37 cents a share, down from $46.5 million, or 75 cents a share a year earlier. Excluding certain items, adjusted earnings were 61 cents compared to $1.05 a year earlier.

Revenue dropped 18% to $399.1 million.

Analysts surveyed by Thomson Reuters forecast earnings of 62 cents on $395 million in revenue.

Write to Ezequiel Minaya at ezequiel.minaya@wsj.com

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(END) Dow Jones Newswires

November 12, 2015 07:35 ET (12:35 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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