Rayovac 2008 Annual Report Download - page 41

Table of Contents
Index to Financial Statements
and grooming, particularly in North America, tend to be seasonal, with purchases of such products by consumers concentrated in the December holiday season.
Pet supplies and electric personal care sales remain fairly constant throughout the year. Demand for our lawn and garden and household insect control products
sold through the Home and Garden Business typically peaks during the first six months at the calendar year (Spectrum’s second and third fiscal quarters). The
seasonality of our sales during the last three fiscal years is as follows:
Percentage of Annual Sales
Fiscal Year Ended
September 30,
Fiscal Quarter Ended 2008 2007 2006
December 23% 24% 25%
March 24% 25% 24%
June 27% 25% 27%
September 26% 26% 24%
Fiscal Year Ended September 30, 2008 Compared to Fiscal Year Ended September 30, 2007
Highlights of consolidated operating results
During Fiscal 2008 and Fiscal 2007, we have presented the Canadian division of our Home and Garden Business as discontinued operations. The Canadian
division of our Home and Garden Business was sold on November 1, 2007. See Note 11, Discontinued Operations of Notes to Consolidated Financial
Statements, included in this Annual Report on Form 10-K for additional information regarding the sale of the Canadian division of our Home and Garden
Business. As a result, and unless specifically stated, all discussions regarding Fiscal 2008 and Fiscal 2007 only reflect results from our continuing operations.
Net Sales. Net sales for Fiscal 2008 increased to $2,688 million from $2,565 million in Fiscal 2007, a 4.8% increase. The following table details the
principal components of the change in net sales from Fiscal 2007 to Fiscal 2008 (in millions):
Net Sales
Fiscal 2007 Net Sales $ 2,565
Increase in Lawn and Garden product sales 22
Increase in Pet supplies sales 18
Increase in Household Insect Control product sales 3
Decrease in Global Batteries & Personal Care consumer battery sales (26)
Foreign currency impact, net 106
Fiscal 2008 Net Sales $ 2,688
Consolidated net sales by product line for Fiscal 2008 and 2007 are as follows (in millions):
Fiscal Year
2008 2007
Product line net sales
Consumer batteries $ 916 $ 882
Pet supplies 599 563
Lawn and garden products 430 408
Electric shaving and grooming products 247 268
Electric personal care products 231 187
Household insect control products 165 162
Portable lighting products 100 95
Total net sales to external customers $ 2,688 $ 2,565
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Source: Spectrum Brands, Inc, 10-K, December 10, 2008