05.03.18
Edgewell Personal Care’s second fiscal quarter net sales were $608.1 million in the quarter, a decrease of 0.5% when compared to the prior year quarter. Excluding a $2.4 million benefit from one month of the Jack Black acquisition, a $3.8 million negative impact from the Playtex gloves divestiture, and a $19.3 million benefit from currency, organic net sales decreased 3.4%. From a geographic perspective, organic net sales in North America declined 7%, while increasing 4% in total International markets. Volumes were lower in North America Wet Shave, Infant Care and Feminine Care, offset in part by higher volumes in global Sun and Skin Care and International Wet Shave. Price mix was unfavorable in the quarter due to higher Sun Care returns and an increase in Wet Shave promotional spend in North America.
Feminine Care net sales decreased $2.9 million, or 3.5%. The decline was driven by Tampons, specifically in the Gentle Glide and o.b. brands. Total Liners, led by Carefree, increased 5.7%, and total Pads were essentially flat in the quarter. Feminine Care segment profit increased $8.5 million, or 531.3%, due to lower product costs and lower A&P and overhead spending, offset in part by lower volumes.
Feminine Care net sales decreased $2.9 million, or 3.5%. The decline was driven by Tampons, specifically in the Gentle Glide and o.b. brands. Total Liners, led by Carefree, increased 5.7%, and total Pads were essentially flat in the quarter. Feminine Care segment profit increased $8.5 million, or 531.3%, due to lower product costs and lower A&P and overhead spending, offset in part by lower volumes.