08.08.17
Edgewell Personal Care’s fiscal third quarter net sales were $637.5 million in the quarter, a decrease of 1.2% when compared to the prior year quarter. Excluding a $4 million benefit from the Bulldog acquisition and a $7.9 million negative impact from currency, organic net sales decreased 0.6%, as growth in Sun and Skin Care was more than offset by declines in Feminine Care. Wet Shave was essentially flat versus the prior year on an organic basis.
Feminine Care net sales decreased $10.7 million, or 11%, driven by volume declines related to Sport branded pad distribution losses, increased competitive pressure, and category softness. Price mix was also unfavorable in the quarter in support of promotional programs behind innovation. This resulted in declines across Tampons, Pads and Liners. Feminine Care segment profit increased $0.2 million, or 2.7%, due to lower A&P and overhead spending, offset in part by lower volumes and unfavorable price mix. Product cost mix was essentially flat, as lower commodity costs and savings generated through restructuring programs helped to offset final transition costs related to the shift of manufacturing from Montreal to Dover, DE.
Feminine Care net sales decreased $10.7 million, or 11%, driven by volume declines related to Sport branded pad distribution losses, increased competitive pressure, and category softness. Price mix was also unfavorable in the quarter in support of promotional programs behind innovation. This resulted in declines across Tampons, Pads and Liners. Feminine Care segment profit increased $0.2 million, or 2.7%, due to lower A&P and overhead spending, offset in part by lower volumes and unfavorable price mix. Product cost mix was essentially flat, as lower commodity costs and savings generated through restructuring programs helped to offset final transition costs related to the shift of manufacturing from Montreal to Dover, DE.
