46 ENERGIZER 2000 ANNUAL REPOR T NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (Dollars in millions except per share data) (22) QUARTERLY FINANCIAL INFORMATION – (Unaudited) significantly impacted in the first quarter by the additional sales  volume associated with the Christmas holiday season. The results of any single quarter are not necessarily indicative of Energizer’s results for the full year. Net earnings of Energizer are  First Second Third Fourth Fiscal 2000 Net sales $ 673.6  $ 359.9  $ 402.8  $ 478.0  Gross profit 351.4  167.3  196.9  224.0  Earnings from continuing operations (a) 104.7  15.7  23.2  36.6  Gain on disposition of discontinued operations – 1.2  – – Net earnings 104.7  16.9  23.2  36.6  Basic and Diluted Earnings Per Share (b) Earnings from continuing operations $ 1.07  $ 0.17  $ 0.24  $ 0.38  Net gain on discontinued operations $ – $ 0.01  $ – $ – Net earnings $ 1.07  $ 0.18  $ 0.24  $ 0.38  First Second Third Fourth Fiscal 1999 Net sales $ 582.4  $ 405.7  $ 399.2  $ 485.0  Gross profit 277.3  184.0  183.1  230.0  Earnings from continuing operations (a) 54.8  22.0  21.7  61.3  Loss from discontinued operations (2.8) (2.8) – – Loss on disposition of discontinued operations – (74.2) – – Net earnings/(loss) 52.0  (55.0) 21.7  61.3  Basic and Diluted Earnings Per Share (b) Earnings from continuing operations $ 0.55  $ 0.21  $ 0.21  $ 0.60  Net loss on discontinued operations $ (0.03) $ (0.73) $ – $ – Net earnings/(loss) $ 0.52  $ (0.52) $ 0.21  $ 0.60  (a) Earnings from continuing operations include the following items: 2000 1999 First quarter Restructuring $ – $ (6.2) Second quarter Costs related to spin-off (3.3) – Loss on disposition of Spanish affiliate (15.7) – Restructuring – 0.1 Capital loss tax benefits 24.4 – Third quarter Restructuring – (8.5) Capital loss tax benefits – 3.3 Fourth quarter Restructuring – 6.3 Capital loss tax benefits – 13.3 (b) For all periods prior to the spin-off, shares used in the earnings per share calculation are based on  the weighted-average number of shares of Ralston common stock outstanding adjusted for the distribution  of one share of Energizer stock for each three shares of Ralston stock.