02.06.17
For the first fiscal quarter of 2017, Edgewell Personal Care’s net sales were $485 million, a decrease of 2%. Excluding a $3.2 million benefit from the Bulldog Skincare acquisition and a $2.7 million negative impact from currency, organic net sales decreased 2.1%, with growth in global Sun and Skin Care and North America Wet Shave more than offset by declines in International Wet Shave and Feminine Care.
Feminine Care net sales decreased $3.4 million, or 3.7%. Sport branded pad and liner volumes were down approximately $2 million due to distribution losses which are expected to continue through the balance of the year. Tampon net sales were also down, due to competitive pressure and soft consumption in the quarter. These declines were partially offset by higher volume in Stayfree pads and Carefree liners. Feminine Care segment profit decreased $9.3 million, or 52.8%, driven by increased product costs, higher A&P spending and lower volumes. Product costs were unfavorable as higher plant startup costs, related to the transition of manufacturing from Montreal to Dover, DE, were only partially offset by restructuring savings and lower material costs.
Feminine Care net sales decreased $3.4 million, or 3.7%. Sport branded pad and liner volumes were down approximately $2 million due to distribution losses which are expected to continue through the balance of the year. Tampon net sales were also down, due to competitive pressure and soft consumption in the quarter. These declines were partially offset by higher volume in Stayfree pads and Carefree liners. Feminine Care segment profit decreased $9.3 million, or 52.8%, driven by increased product costs, higher A&P spending and lower volumes. Product costs were unfavorable as higher plant startup costs, related to the transition of manufacturing from Montreal to Dover, DE, were only partially offset by restructuring savings and lower material costs.
