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Fem care sales down 9.2%.
April 29, 2016
By: Tara Olivo
Associate Editor at Nonwovens Industry
Edgewell Personal Care’s second fiscal quarter net sales were $611.2 million, a decrease of 6.1%. Organic net sales decreased 0.7%, including a $10.9 million, or 170 basis point, negative impact from international go-to-market changes. Organic net sales growth in Wet Shave and Sun and Skin Care was offset in part by lower sales in Feminine Care. North America net sales were down 0.8%, though Wet Shave and Sun and Skin care both grew. International net sales were down 0.3%, though up 4.5% excluding the negative impact of international go-to-market changes. Underlying international net sales grew across the Wet Shave portfolio, with particular strength in Men’s systems, driven by strong Hydro performance in Asia and Europe. Feminine Care organic net sales decreased $9.3 million, or 9.2%. North America net sales declined driven primarily by unfavorable comparisons to the prior year pipeline build for the new Sport Pads and Liners offerings and lower net sales in Stayfree. International sales were down primarily due to international go-to-market changes. Organic segment profit was down $9.5 million, or 45.5%, driven by lower net sales and unfavorable cost mix due to transactional currency impacts.
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