Edgewell plunges after downbeat quarterly results

Edgewell Personal Care

10/02/2025 15:09

(Updates)
    ** Shares of sunscreen maker Edgewell Personal Care  EPC.N 
down as much as 15.7% to a more than four-year low of $26.65
    ** Co reports Q1 sales decline of 2.1% to $478.4 million,
below estimates of $480.1 million - data compiled by LSEG
    ** Says sales were impacted by lower volumes and lower
prices, along with unfavorable currency impacts
    ** Q1 adjusted EPS of 7 cents also misses estimates of 12
cents, on higher promotion levels and currency impact
    ** Co also sees annual adjusted EPS at lower end of previous
forecast of $3.15 to $3.35 on anticipated negative foreign
currency changes; maintains annual sales forecast
    ** Co says forecast does not reflect potential impact from
U.S. retaliatory tariffs
    ** Brokerage Truist Securities says it's "one step forward,
one step back", as progress from productivity initiatives,
international growth is overshadowed by FX headwinds, North
America declines
    ** EPC fell 8.3% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))