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Edgewell’s Sales Decline

Feminine Care net sales down 9.1%

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Edgewell Personal Care’s net sales were $580.7 million in the quarter, a decrease of 3.1%, including a $9.8 million unfavorable impact from currency movements. Organic net sales decreased $8.9 million, or 1.5%. Growth in international markets was 2.9%, driven by both price and volume gains, seen across Wet Shave and Sun & Skin Care. Organic sales declined in North America by 3.9%, due to volume declines in Wet Shave, Feminine Care, and Sun Care.

Feminine Care (Tampons, Pads, and Liners) net sales decreased $6.4 million, or 9.1% with minimal currency impact, largely driven by a decline in Pads and Tampons. Segment profit decreased $5.6 million, or 64.4%. Organic segment profit decreased $5.7 million, or 65.5%, primarily driven by lower gross profit and higher marketing expenses, partially offset by lower SG&A expenses.

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