02.03.16
Edgewell Personal Care’s first fiscal quarter net sales were $495 million, a decrease of 7.9%. Organic net sales grew 0.5%, driven by growth in Wet Shave and Sun and Skin Care. Wet Shave sales were primarily driven by growth in North America, and Sun and Skin Care increases were led by strong performance in Asia Pacific. Organic net sales in North America were up 2.7%, while organic net sales outside North America were down 2.1%, primarily due to go-to-market impacts.
Feminine Care organic net sales decreased $2.2 million, or 2.3%. Sales in North America decreased 0.4% as volume gains in the Sport Pads and Liner business were offset by declines in legacy products and by go-to-market impacts in Asia and Latin America. Organic segment profit was up $3.1 million, or 20.4%, driven by lower A&P spend and improved gross margin, reflecting restructuring savings.
Feminine Care organic net sales decreased $2.2 million, or 2.3%. Sales in North America decreased 0.4% as volume gains in the Sport Pads and Liner business were offset by declines in legacy products and by go-to-market impacts in Asia and Latin America. Organic segment profit was up $3.1 million, or 20.4%, driven by lower A&P spend and improved gross margin, reflecting restructuring savings.