Edgewell Personal Care reports Q2 adjusted EPS 87c, consensus 90c

Reports Q2 revenue $580.7M, consensus $590.11M. The company said, “We continue to execute well on our strategic priorities, acting with urgency, discipline, and purpose in a challenging and volatile environment. Our focus on business fundamentals has led to top-line growth in our International business and accelerated gross margin expansion through excellent execution of our productivity program. While execution across much of the business is strong, we recognize that work remains to better position our portfolio in the competitive U.S. market. Therefore, we remain in an investment stance, reinforcing brand equity and supporting innovation. As we look forward to the second half of the year, we expect the challenging economic environment to negatively impact consumer sentiment and behavior, moderating our top-line expectations. Despite this, we will incrementally invest, focusing on our Wet Shave and Sun Care portfolios in the US. I am confident that these investments, along with our continued focus on strategic priorities and disciplined execution, will strengthen our business and better position Edgewell to deliver significant value creation for our shareholders.”