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Edgewell’s Sales Grow

Femcare segment net sales up 10.5%

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Edgewell Personal Care’s net sales were $623.8 million in the third fiscal quarter of 2022, an increase of 8.7% including a net impact of $21.1 million or 3.7% from the acquisition of Billie and a $22.4 million or 4% negative impact from currency.  Organic net sales increased 9%, reflecting increased volumes and higher pricing in the quarter.  North America organic net sales increased 9.3% while International markets increased 8.4%.

In the Feminine Care segment, net sales increased $7.7 million, or 10.5%, reflecting higher category consumption and pricing, and the impact of improved product availability and shelf replenishment. Segment profit decreased $4.9 million or 35.8%. Organic segment profit decreased $4.8 million or 35.1%, largely driven by lower gross profit, reflecting higher commodity and transportation related costs, as well as increased A&P support.

“Our fiscal third-quarter results reflect the continued execution of our strategy with strong organic net sales growth and solid earnings, both of which exceeded our expectations despite the volatile macro environment,” says Rod Little, Edgewell’s president and CEO. “Growth in the quarter was driven by strong volume growth and price, and was broad-based, with increases across both our North America and International markets, as well as in all segments, with accelerated growth in Sun Care and Feminine Care. Importantly, we delivered another quarter of market share gains in the U.S., further evidence that our brand building efforts are being well received by consumers. Looking ahead, we are firmly on track to deliver a second consecutive year of mid-single-digit organic net sales growth.”

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