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Feb. 8, 2022, 6:27 a.m. EST

Edgewell profit tops expectations but sales comes up shy, outlook is mixed

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By Tomi Kilgore

Shares of Edgewell Personal Care Co. /zigman2/quotes/206004250/composite EPC +0.94% were indicated down more than 2% in premarket trading Tuesday, after the consumer products company, with brands including Schick, Playtex and Hawaiian Tropic, reported fiscal first-quarter profit that topped expectations but revenue that missed and provided a mixed full-year outlook. Net income for the quarter to Dec. 31 fell to $11.2 million, or 20 cents a share, from $17.7 million, or 32 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 42 cents, above the FactSet consensus of 41 cents. Sales rose 2.7% to $463.3 million, just shy of the FactSet consensus of $463.8 million, as wet shave sales grew 2.5, sun and skin care sales increased 1.7% and feminine care sales rose 4.9%. For fiscal 2022 the company lowered its adjusted EPS guidance range to $2.74 to $3.02 from $2.98 to $3.26, but increased its sales growth outlook to a mid-single digits percentage range from long-single digits. The stock had run up 14.1% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.40% lost 4.6%.

/zigman2/quotes/206004250/composite
US : U.S.: NYSE
$ 42.81
+0.40 +0.94%
Volume: 184,128
Aug. 15, 2022 4:00p
P/E Ratio
21.39
Dividend Yield
1.40%
Market Cap
$2.24 billion
Rev. per Employee
$315,652
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/zigman2/quotes/210599714/realtime
US : S&P US
4,297.14
+16.99 +0.40%
Volume: 2.22B
Aug. 15, 2022 5:46p
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