By Dean Seal
Edgewell Personal Care, the renowned maker of razors and feminine-care products, reported a decline in profit for the fiscal fourth quarter. This drop was primarily caused by lower sales and increased overhead costs.
Profit Details
- In the same quarter a year ago, the company recorded a profit of $33.7 million, or 64 cents a share.
- However, in the recent quarter, Edgewell's profit decreased to $29.5 million, or 57 cents a share.
- After excluding one-time items, adjusted earnings were 72 cents a share, surpassing analysts' expectations of 64 cents a share.
Sales Performance
- Despite the decline in profit, Edgewell's sales figures fared better than projected.
- The company's sales slipped from $536.9 million to $534.1 million in the year-ago quarter.
- Analysts forecasted sales of $531.5 million for this quarter, making Edgewell's results slightly better.
Global Sales Performance
- Edgewell experienced a nearly 2% decline in overall sales on an organic basis.
- This decrease was observed both internationally and in North America.
- The international market decline was primarily due to inventory reduction actions in Wet Shave in Japan. However, this was offset by growth in sun and skin care products.
- In North America, the decline was driven by lower sales figures in sun care and feminine care.
Rising Costs
- Selling, general, and administrative expenses rose for Edgewell Personal Care.
- This increase was a result of higher compensation expenses, including incentives and personnel costs.
- Additionally, the impact of unfavorable foreign currency translation contributed to rising costs.
These developments have highlighted the challenges that Edgewell Personal Care faces. However, the company remains optimistic about its ability to navigate through these obstacles and continue providing high-quality products to its loyal customers.
Related Articles
![Airlines' Capacity Growth Strategy](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Airlines' Capacity Growth Strategy
Deutsche Bank analyst projects increased stock ratings for Southwest Airlines, JetBlue, and Alaska Air Group due to capacity growth strategy benefiting regional...
![Moncler Sales Growth Slows in Q3](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Moncler Sales Growth Slows in Q3
Moncler, the Italian fashion group, experienced slower sales growth in Q3 compared to the first half of the year. While sales rose in the Asia-Pacific region, t...
![Shooting Incident at Houston Megachurch](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Shooting Incident at Houston Megachurch
Get the latest on the shooting incident at Lakewood Church in Houston, Texas, involving Pastor Joel Osteen's congregation.