Transition Time for Edgewell

For the third fiscal quarter, which ended June 30, 2015, Edgewell Personal Care (formerly part of Energizer) delivered a slip of 7.3% in net sales to $1.05 billion.
 
In personal care specifically, net sales were down 6.3% and segment profit decreased 15.1% to $95.3 million. Starting July 1, 2015, as a result of the separation, operations for the company will be reported via four segments – Wet Shave, Sun and Skin Care, Feminine Care and All Other.
 
In interest to Happi readers, Wet Shave sales dropped 8.2% to $369.4 million while Sun and Skin Care fell 9.6% to $153.3 million.
 
“Our goals coming into the quarter were to successfully complete the spin-off of the Household Products business, to continue to deliver great products to our customers and consumers and to meet our financial commitments in the quarter.  We accomplished all of these goals,” said David Hatfield, chief executive officer. “The teams did a terrific job executing this very complex split of the two companies, while delivering solid financial results.”
 
For the nine months ended June 30, Wet Shave sales decreased 7.2% to %1.08 billion and Sun and Skin Care fell 5.1% to $337.8 million.