Edgewell Personal Care reports Q1 adjusted EPS 24c, consensus 6c

Reports Q1 revenue $488.9M, consensus $481.35M. “We had a good start to the fiscal year, with 3% organic net sales growth, and notably strong performance across our international markets, reflective of underlying volume growth and further price execution. Gross margin was a highlight and above our expectations, driven by our ability to realize further productivity savings and gains from improved revenue management. With this good start and strong fundamentals in place, we are on track to meet our previous outlook for both top and bottom line.” said Rod Little, Edgewell’s President and Chief Executive Officer. “Our performance reflects the changes we’ve implemented across our organization, leading to more consistent organic net sales growth, better operational execution, continued efficiency in our supply chain, and increased brand investment behind our strategic priorities. We believe continued focus on our strategic priorities and strong execution positions us to deliver significant value creation for our shareholders.”