05.02.17
In the second fiscal quarter of 2017, Edgewell Personal Care’s net sales were $611 million, flat when compared to the prior year quarter. Excluding a $2.9 million benefit from the Bulldog (sun and skincare products) acquisition and a $3.7 million negative impact from currency, organic net sales increased 0.1%, with growth in global Sun and Skin Care mostly offset by declines in Men's Systems and Feminine Care.
Feminine Care net sales decreased $8.4 million, or 9.2%, largely driven by volume declines related to Sport branded pad and liner distribution losses, increased competitive pressure, and category softness. This resulted in declines across tampons, pads and liners. These declines were partially offset by lower promotional spend in the quarter, due to the timing of product launches. Feminine Care segment profit decreased $8.9 million, or 84.8%, driven by increased product costs related to the transition of manufacturing from Montreal to Dover, DE, lower volumes, and increased transactional currency impacts, partially offset by lower promotional spend.
Feminine Care net sales decreased $8.4 million, or 9.2%, largely driven by volume declines related to Sport branded pad and liner distribution losses, increased competitive pressure, and category softness. This resulted in declines across tampons, pads and liners. These declines were partially offset by lower promotional spend in the quarter, due to the timing of product launches. Feminine Care segment profit decreased $8.9 million, or 84.8%, driven by increased product costs related to the transition of manufacturing from Montreal to Dover, DE, lower volumes, and increased transactional currency impacts, partially offset by lower promotional spend.