Edgewell misses Q3 sales, adjusted EPS expectations

Overview

• Edgewell Q3 fiscal net sales down 3.2%, missing analysts' expectations

• Adjusted EPS for Q3 fiscal 2025 misses consensus, per LSEG data

• Co cites weak Sun Care season, currency impacts for performance

Outlook

• Edgewell expects organic net sales to decrease 1.3% in fiscal 2025

• Company projects GAAP EPS to be approximately $1.73 for fiscal 2025

• Edgewell anticipates adjusted EPS of $2.65, down from previous $2.85-$3.05

• Currency now expected to positively impact reported net sales by 10 basis points

Result Drivers

• SUN CARE SEASON - Weak Sun Care season in North America and Latin America significantly impacted results, per CEO Rod Little

• CURRENCY IMPACT - Negative currency movements contributed to profit headwinds

• PROMOTIONAL LEVELS - Increased promotional activities and volume declines in North America hit organic net sales

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the personal products peer group is "hold"

• Wall Street's median 12-month price target for Edgewell Personal Care Co is $33.50, about 25.4% above its August 4 closing price of $25.00

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn3bX9cpa