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Sales Fall at Edgewell

Feminine Care net sales decrease

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Edgewell Personal Care’s net sales were $546.7 million in the quarter, a decrease of 10.1%, as compared to the prior year period. Excluding a $5.3 million benefit from the Jack Black, L.L.C. acquisition and a $12.6 million negative impact from currency translation, organic net sales decreased 8.9%, driven by declines in Wet Shave, North America Sun and Skin Care and Feminine Care businesses, partly offset by growth in the Infant Care and International Sun and Skin Care businesses. As expected, several timing and transitory issues impacted total net sales in the second quarter, including commercial distribution changes in Japan, the impact on Sun Care of Easter shifting into the fiscal third quarter and the impact of Sun Care reformulation in North America. These contributed to nearly 600 basis points of the overall organic net sales decline in the quarter.

Feminine Care net sales decreased $5.7 million, or 7.1%, as compared to the prior year period, driven by volume declines across all lines, except for o.b. tampons behind the launch of organic o.b. products and Sport Tampons. Unfavorable price mix was the result of increased trade spend investment. Feminine Care segment profit increased $3.8 million, or 38.5% as compared to the prior year period, driven by lower A&P and overhead spending and favorable cost mix, partially offset by lower volumes and unfavorable price mix.

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