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Edgewell Announces Financial Results

Feminine Care sales grow 13.9% driven by consumer stock up due to covid-19

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Edgewell Personal Care’s net sales in the second fiscal quarter were $523 million, a decrease of 4.3%, as compared to the prior year period. Excluding a $31.7 million negative impact from the sale of the Infant and Pet Care business and a $5 million negative impact from currency translation, organic net sales increased 2.4% compared to the prior year period. Organic net sales growth in the quarter was largely driven by COVID-19 related increases in the sales of its Feminine Care and Wet Ones products. Excluding the COVID-19 related increases, organic net sales growth was flat with the prior year period and consistent with recent trends.

Feminine Care net sales increased $10.4 million, or 13.9%, as compared to the prior year period, primarily driven by volume growth in o.b., Sport Tampons, Carefree Liners and Stayfree Pads, related to a consumer stock up due to COVID-19. Feminine Care segment profit increased $4.6 million, or 33.5% as compared to the prior year period, driven by increased volumes and favorable price mix, partly offset by higher SG&A expense due to the reallocation of overhead spending resulting from the Infant and Pet Care business divestiture.

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