Sunscreen maker Edgewell plunges on annual forecast cuts
ReutersMay 7, 2025 1:13 PM
Shares of sunscreen maker Edgewell Personal Care EPC.N down ~10% at $26.98 premarket
Co expects fiscal 2025 organic net sales growth to be flat to 1% vs prior forecast of 1% to 3% rise
Sees adjusted earnings per share in the range of $2.09 to $2.29 vs previous expectations of $2.54 to $2.74
Co says outlook includes impact of tariffs and outlines actions to streamline operations, improve efficiency, and restructure, including changes in Mexico
Expects to incur pre-tax charges of about $33 million for FY25
Posts Q2 net sales of $580.7 million vs analysts' estimates of $590.8 million, as per data compiled by LSEG
Logs adjusted profit of 87 cents per share vs estimates of 90 cents
Up to last close, stock down 10.7% YTD
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