Edgewell Reports Fiscal Third Quarter Results

Edgewell Personal Care’s net sales were $647.8 million in the quarter, a decrease of 0.3%, including a $6.2 million unfavorable impact from currency movements. Organic net sales increased 0.6%, as continued strong performance in International markets as well as growth in its Right to Win portfolio of Sun Care and Grooming were partially offset by declines in North America Wet Shave and Feminine Care. In aggregate, increased pricing and revenue management more than offset the impact of lower volumes in North America.

Feminine Care (Tampons, Pads, and Liners) net sales decreased $6.4 million, or 7.9% with minimal currency impact, largely driven by a decline in Tampons and Pads, partly offset by growth in Liners. Segment profit decreased $7.4 million, or 52.9%. Organic segment profit decreased $7.4 million, or 52.9%, with minimal currency impact, primarily driven by lower sales and the resulting impact on gross profit as well has higher marketing expenses.