08.16.17
Edgewell Personal Care Company has announced results for its third fiscal quarter, which ended June 30, 2017.
Net sales were $637.5 million in the third quarter of fiscal 2017, a decrease of 1.2% when compared to the prior year period on a reported basis, and down 0.6% on an organic basis.
GAAP Diluted Earnings Per Share ("EPS") and Adjusted EPS grew to $0.95 and $1.11, respectively, for the third quarter, compared to $0.61 and $0.66, respectively, a year ago.
"We delivered strong profit performance in the third quarter, in what continues to be a very difficult market environment," said David Hatfield, Edgewell's Chief Executive Officer, President and Chairman of the Board. "Although category weakness in the U.S. persists, and competitive intensity remains high, we delivered solid results in the quarter, driven by sales growth in International, market share gains in Wet Shave and Sun and Skin Care, both globally and in the U.S., and by good financial discipline." Mr. Hatfield continued, "Based on our performance in the quarter, we are increasing our full year outlook for Adjusted EPS, and we remain confident in our ability to deliver strong free cash flow while continuing to invest in future growth opportunities."
