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Sep 30, 2023
Edgewell Q4 2023 Earnings Report
Edgewell's Q4 2023 results were announced, revealing a slight decrease in net sales but progress in strategic initiatives.
Key Takeaways
Edgewell Personal Care reported a decrease in fourth-quarter net sales by 0.5% to $534.1 million. Despite the sales dip, the company's adjusted EPS was $0.72. The company is initiating Fiscal 2024 outlook for growth in Organic Net Sales, Adjusted EPS and Adjusted EBITDA.
Net sales decreased 0.5% in the fourth quarter, totaling $534.1 million.
Organic net sales decreased by 1.9% for the quarter.
GAAP diluted EPS was $0.57 for the fourth fiscal quarter.
Adjusted EPS was $0.72 for the fourth quarter, including a $0.09 unfavorable currency impact.
Edgewell
Edgewell
Edgewell Revenue by Segment
Revenue by Segment
Wet Shave Revenue
CapyFin.comSun and Skin Care Revenue
CapyFin.comFeminine Care Revenue
CapyFin.com Forward Guidance
Edgewell anticipates a 1% to 3% increase in reported net sales, a 2% to 4% increase in organic net sales, and an adjusted EPS between $2.65 and $2.85 for fiscal year 2024.
Positive Outlook
- Organic net sales are expected to increase approximately 2% to 4%
- Adjusted EPS is expected to be in the range of $2.65 to $2.85
- Adjusted EPS at constant currency expected to increase 15% at the mid-point of the range
- Adjusted gross margin is expected to increase approximately 80-basis points to the prior year
- Adjusted operating margin is expected to increase approximately 50-basis points
Challenges Ahead
- Reported net sales are expected to increase in the range of approximately 1% to 3%
- Includes an estimated 60-basis point negative impact from currency movements
- GAAP EPS is expected to be in the range of $2.20 to $2.40
- Includes an estimated $0.20 EPS unfavorable impact from foreign currency movements
- Expect approximately 70% of adjusted earnings to be generated in the 2nd half of the fiscal year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income