Edgewell Reports Fourth Fiscal Quarter Results

Edgewell Personal Care’s net sales were $517.6 million in the quarter, a decrease of 3.1%, including a $1.8 million unfavorable impact from currency movements. Organic net sales decreased 2.8%.  Growth in international markets of 2.4%, driven largely by Wet Shave, was more than offset by a 6% decline in North America. Declines in Feminine Care, Shave Preps and Wet One's were partly offset by mid-single-digit growth in Sun Care, although this growth was significantly below expectations, due to adverse weather conditions in the U.S. in August and September.

Feminine Care (Tampons, Pads, and Liners) net sales decreased $6.5 million, or 8.9%, and organic net sales decreased $6.4 million, or 8.7%, as growth in Tampons was more than offset by declines in Pads and Liners. Organic segment profit decreased $5.4 million, or 46.6%, primarily reflecting lower gross margin.