-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J12ES2eCPuVwwogiVcr74J0TZjSPQ+N7UHwV98tOaTCnqlhcZLjp+DEV9SZXR2o7 Ylp6nwX6yixy5AVWPS9xqQ== 0000912057-01-001131.txt : 20010123 0000912057-01-001131.hdr.sgml : 20010123 ACCESSION NUMBER: 0000912057-01-001131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010111 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLAYTEX PRODUCTS INC CENTRAL INDEX KEY: 0000842699 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 510312772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12620 FILM NUMBER: 1507128 BUSINESS ADDRESS: STREET 1: PO BOX 7016 CITY: DOVER STATE: DE ZIP: 19903-1516 BUSINESS PHONE: 2033414000 MAIL ADDRESS: STREET 1: 300 NYALA FARMS ROAD CITY: WESTPORT STATE: CT ZIP: 06880 FORMER COMPANY: FORMER CONFORMED NAME: PLAYTEX FP GROUP INC DATE OF NAME CHANGE: 19920703 8-K 1 a2035088z8-k.txt 8-K ============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------------------------ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 11, 2001 PLAYTEX PRODUCTS, INC. ---------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-12620 51-0312772 - ------------------------------- ------------------------ ------------------ (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation or organization) Identification No.) 300 NYALA FARMS ROAD, WESTPORT, CONNECTICUT 06880 ------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code (203) 341-4000 -------------- N/A -------------------------------------------------------------- (Former name or former address, if changed since last report.) ============================================================================== Item 5. Other Events. On January 11, 2001, we issued a press release stating that the Company revised its earnings outlook for the fourth quarter and full year 2000 and for the year 2001. Item 7. Financial Statements and Exhibits (c) Exhibits EXHIBIT DESCRIPTION ------- ----------- 99 Press release of Playtex Products, Inc. dated January 11, 2001 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. PLAYTEX PRODUCTS, INC. DATE: January 11, 2001 BY: /s/ Glenn A. Forbes ------------------ ---------------------------------- Glenn A. Forbes EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER (PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER)
EX-99 2 a2035088zex-99.txt EXHIBIT 99 EXHIBIT 99 FOR IMMEDIATE RELEASE PRESS RELEASE FOR MORE INFORMATION, CONTACT: Glenn A. Forbes Chief Financial Officer (203) 341-4264 PLAYTEX PRODUCTS REVISES EARNINGS OUTLOOK WESTPORT, CT (JANUARY 11, 2001) - PLAYTEX PRODUCTS, INC. (NYSE: PYX), a leading diversified personal care and consumer products company, today revised the Company's outlook for the fourth quarter and full year 2000 and for the year 2001. Net Sales for the quarter are expected to be approximately 5% below year ago levels due to a slowing economic environment, the related trade management of inventory levels, and continued competitive activities impacting the Company's infant care business. The Company is assuming that these factors may continue through the first half of 2001. Earnings for the fourth quarter are expected to be in the $.02 to $.04 range and full year 2000 performance is expected to be within the $.57 to $.59 range. The year 2001 is currently expected to grow by mid-single digits in net sales over the revised 2000 estimate. The Company continues to plan to maintain gross margins and advertising and promotion as a percent of net sales in 2001 essentially in line with full year 2000. "Despite solid retail takeaway in feminine care, a strong start to the 2001 sun care season sell-in and some recovery in selected infant care segments, our overall shipment results were below year ago," said Michael R. Gallagher, Playtex's Chief Executive Officer. "It appears that trade inventory levels were reduced unexpectedly at year-end for a number of our categories. In addition, the resumption of growth across certain of our infant care businesses has not yet occurred. We anticipate that these factors will continue into the first quarter, with mid-single digit growth in the second quarter and strong single digit growth thereafter. The fundamentals of market share and consumption growth remain attractive for our Company. Given the uncertain economic environment, we believe it is prudent to plan 2001 for modest growth over 2000." Playtex Products will hold a conference call with analysts and investors at 10:30 a.m. ET Thursday, January 11. The dial-in number is 703-871-3094. To access the simultaneous webcast or replay of this call, please go to the "Investor Relations" portion of our web-site: www.playtexproductsinc.com. The Company plans to announce fourth quarter earnings on January 31, 2001. Playtex Products, Inc. is a leading manufacturer and distributor of a diversified portfolio of personal care and consumer products, including PLAYTEX infant feeding products, BINKY, WET ONES, BABY MAGIC, DIAPER GENIE, MR. BUBBLE, PLAYTEX tampons, BANANA BOAT, WOOLITE rug and upholstery cleaners, PLAYTEX gloves, BINACA and OGILVIE. THE MATTERS DESCRIBED HEREIN CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS INVOLVE A NUMBER OF RISKS, UNCERTAINTIES OR OTHER FACTORS BEYOND THE COMPANY'S CONTROL, WHICH MAY CAUSE MATERIAL DIFFERENCES IN ACTUAL RESULTS, PERFORMANCE OR OTHER EXPECTATIONS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, GENERAL ECONOMIC CONDITIONS, INTEREST RATES, COMPETITIVE MARKET PRESSURES, THE LOSS OF A SIGNIFICANT CUSTOMER, RAW MATERIAL AND MANUFACTURING COSTS, CAPACITY LIMITATIONS, THE ABILITY TO INTEGRATE ACQUISITIONS, ADVERSE PUBLICITY AND PRODUCT LIABILITY CLAIMS, CAPITAL STRUCTURE, THE IMPACT OF WEATHER CONDITIONS ON SALES, AND OTHER FACTORS DETAILED IN THE COMPANY'S REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. READERS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE HEREOF. THE COMPANY ASSUMES NO OBLIGATION TO UPDATE SUCH INFORMATION. # # # -----END PRIVACY-ENHANCED MESSAGE-----