Sunscreen maker Edgewell plunges on annual forecast cuts

Shares of sunscreen maker Edgewell Personal Care EPC.N down as much as 17% at $24.93 - lowest since April 2020

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

If losses hold, stock set for worst day since March 2020

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