Table: Gillette: Where the Problems Lie
The world's leading battery maker is losing share to Energizer (ENR ) and Rayovac (ROV ). Operating profits fell 49% in the first quarter alone.
Although it's still Gillette's core business, bloated inventories helped depress first-quarter profits by 13%.
Despite its strength in electric razors, Braun's household-appliance unit is a costly distraction.