Consumer companies rose slightly, battling back towards the flat line for the year to date, amid hopes that softening inflation would ease the pressure on consumers.
Energizer Holdings' fiscal first-quarter net income slid as consumers loaded up on holiday-season batteries earlier than usual, and the company reiterated expectations for sales to flat-line or shrink during the current fiscal year amid softening pricing.
Mattel is shaking up leadership in its lagging Fisher-Price business as it looks to turn around the toddler-focused brand.
Ingredion's fourth-quarter net income rose 15% as cost cuts offset lower sales, and the company forecast earnings growth for 2024 as higher demand compensates for less consistent price increases.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-06-24 1827ET
