Edgewell Personal Care reports Q2 adjusted EPS 88c, consensus 72c

Reports Q2 revenue $599.4M, consensus $606.45M. “In a challenging and somewhat volatile operating environment, our second quarter results reflect strong gross margin expansion that fueled significant adjusted EBITDA and earnings per share growth. Organic net sales growth included a double-digit increase in our Right-to-Win portfolio, driven by our market-leading Sun Care and Grooming businesses. Our International markets continued to deliver accelerated growth, with a healthy combination of both price and volume gains. Importantly, we delivered over 300-basis points of adjusted gross margin expansion, underpinned by disciplined execution of both our cost productivity and strategic revenue management efforts,” said Rod Little, Edgewell’s President and Chief Executive Officer. “Given our first half performance, we now expect to deliver full year sales at the lower end of our outlook range, and we are raising our outlook for adjusted EPS and EBITDA. Our strategy continues to generate positive results and gives us confidence in our ability to generate long-term value for our shareholders.”