05.08.24
Edgewell Personal Care Company announced results for its second fiscal quarter 2024 ended March 31, 2024.
Net sales were $599.4 million in the quarter, an increase of 0.2%, including a $0.3 million favorable impact from currency movements. Organic net sales increased 0.1%, as strong performance in International markets and double-digit global growth in Sun Care and Grooming were mostly offset by declines in North America Wet Shave and Feminine Care. In aggregate, increased pricing and revenue management as well as higher volumes in International markets were largely offset by lower volumes in North America.
In Feminine Care, net sales decreased $9.6 million, or 12% with minimal currency impact, largely driven by a decline in Tampons and Pads, partly offset by growth in Liners. Segment profit decreased $3.5 million, or 28.7%. Organic segment profit decreased $3.5 million, or 28.7%, primarily driven by lower sales and the resulting impact on gross profit.
Net sales were $599.4 million in the quarter, an increase of 0.2%, including a $0.3 million favorable impact from currency movements. Organic net sales increased 0.1%, as strong performance in International markets and double-digit global growth in Sun Care and Grooming were mostly offset by declines in North America Wet Shave and Feminine Care. In aggregate, increased pricing and revenue management as well as higher volumes in International markets were largely offset by lower volumes in North America.
In Feminine Care, net sales decreased $9.6 million, or 12% with minimal currency impact, largely driven by a decline in Tampons and Pads, partly offset by growth in Liners. Segment profit decreased $3.5 million, or 28.7%. Organic segment profit decreased $3.5 million, or 28.7%, primarily driven by lower sales and the resulting impact on gross profit.
