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Edgewell Reports Fiscal Q4 Results

Feminine Care sales down 5.7%

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

In the fourth fiscal quarter of 2023, Edgewell Personal Care’s net sales were $534.1 million, a decrease of 0.5%, including a $7.6 million favorable impact from currency movements.  Organic net sales decreased 1.9%, as international markets decreased 2.2% and North America markets decreased 1.8%. The decline in international markets was largely as a result of previously announced inventory reduction actions in Wet Shave in Japan, which more than offset double digit growth in Sun and Skin Care, while in North America, the decline was largely attributable to a decline in Sun Care and Feminine Care.

Feminine Care (Tampons, Pads, and Liners) net sales decreased $4.4 million, or 5.7%, and organic net sales decreased $4.4 million, or 5.7%, as growth in Liners was more than offset by a decline in Tampons, largely reflective of the impact of competitive product out-of-stocks in the prior year quarter and retailer inventory reductions this fiscal quarter. Segment profit decreased $0.8 million, or 6.6%.  Organic segment profit decreased $0.7 million, or 5.8%, as higher gross profit was more than offset by higher marketing expense.

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