Q1 2025 Edgewell Personal Care Co Earnings Call Transcript
Key Points
- Edgewell Personal Care Co (EPC) delivered solid results despite a volatile external environment, with organic net sales in line with expectations.
- The company saw continued growth in international markets, particularly in wet shave, sun care, and grooming categories.
- Gross margin at constant currency remained strong, enabling year-over-year incremental brand investments.
- Edgewell Personal Care Co (EPC) achieved its fifth consecutive quarter of organic sales growth internationally, with a three-year CAGR of nearly 8%.
- The company is experiencing positive traction from its rebuilt innovation platform, with successful product launches like Schick First Tokyo in Japan and Bulldog range expansion in Europe.
- Organic net sales decreased by 1.3%, with a 4% decline in North America due to lower volumes in femcare and wet shave.
- The US wet shave and femcare categories remain highly competitive and promotional, impacting sales negatively.
- Adjusted operating income decreased to $27 million from $36 million last year, with adjusted operating margin decreasing by 170 basis points.
- Currency movements had a significant negative impact, with an approximately $0.17 per share unfavorable impact on adjusted earnings per share.
- Net cash used by operating activities increased to $115.6 million for the quarter, compared to $72.9 million in the prior year period.
Good day and welcome to the Edgewell first-quarter 2025 earnings conference call. (Operator Instructions)
I would now like to turn the conference over to Chris Gough, Vice President, Investor Relations. Please go ahead.
Good morning, everyone, and thank you for joining us this morning for Edgewell's first-quarter fiscal year 2025 earnings call.
With me this morning are Rod Little, our President and Chief Executive Officer; Dan Sullivan, our Chief Operating Officer; and Fran Weissman, our Chief Financial Officer.
Rod will kick off the call and hand it over to Dan to discuss first-quarter commercial and operational highlights, followed by Fran who will discuss our financial results and 2025 four-year outlook. We will then transition to Q&A. This call is being recorded and will be available for replay via our website, www.edgewell.com.
During this call, we may make statements about
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