10.03.16
Net sales decreased 1.3% to $2.0 million in Edgewell’s fiscal third quarter. However, sun and skin care segment profit increased 33% to $8.5 million.
According to the company, excluding an estimated $2 million negative impact from international go-to-market changes, underlying net sales would have grown 40 basis points, driven primarily by growth in North America across both the Banana Boat and Hawaiian Tropic brands.
“The conclusion of the third quarter marked our one year anniversary as a standalone company, and it’s the point where we began to put many of the transitional impacts associated with the household products spin-off behind us,” said David Hatfield, Edgewell’s president, CEO and chairman.
According to the CEO, top and bottom line results through the first three quarters were generally in line with expectations entering the year, even while managing through a tremendous amount of change.
According to the company, excluding an estimated $2 million negative impact from international go-to-market changes, underlying net sales would have grown 40 basis points, driven primarily by growth in North America across both the Banana Boat and Hawaiian Tropic brands.
“The conclusion of the third quarter marked our one year anniversary as a standalone company, and it’s the point where we began to put many of the transitional impacts associated with the household products spin-off behind us,” said David Hatfield, Edgewell’s president, CEO and chairman.
According to the CEO, top and bottom line results through the first three quarters were generally in line with expectations entering the year, even while managing through a tremendous amount of change.