11.14.22
Edgewell Personal Care’s fiscal Q4 sales fell 1.2% to $536.9 million. On the year, sales rose 4% to $2.1 billion.
"We delivered our second consecutive year of mid-single-digit organic net sales growth, despite the increasingly challenging macro-operating environment,” said CEO Rod Little. “These results reflected the continued successful execution of our growth strategy, that has driven structural improvements in our business across brand building, product innovation, and retail execution. Additionally, we maintained financial discipline and drove over 300 basis points in productivity and pricing offsets to help mitigate the significant inflationary pressures seen across the industry. “As we look to fiscal 2023, we again expect to deliver another year of mid-single-digit organic net sales growth, which coupled with our on-going cost and productivity savings initiatives and revenue management execution, will enable us to deliver strong operational performance on a constant currency basis."