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Edgewell Announces Fiscal Q3 Results

Feminine Care sales fall 3.8%

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Edgewell Personal Care’s net sales in the third fiscal quarter of 2019 were $609.2 million in the quarter, a decrease of 1.8%, as compared to the prior year period. Excluding a $9.5 million negative impact from currency translation, organic net sales decreased 0.3%, driven by declines in Wet Shave and Feminine Care businesses, partly offset by increased organic sales in the Sun and Skin Care business. Organic net sales declined in North America by 2.7% while International organic net sales grew 4.2%.

Feminine Care net sales decreased $3.2 million, or 3.8%, as compared to the prior year period, with volume declines across all lines, with the exception of o.b. tampons, which benefited from the launch of organic o.b., and Carefree liners. Price mix was unfavorable due to increased trade spend. Feminine Care segment profit increased $4.5 million, or 41% as compared to the prior year period, primarily driven by lower A&P spending, resulting from a shift to trade promotion spending, and lower product costs.

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