Edgewell Personal Care (EPC) stock plummeted 8.23% in pre-market trading on Monday, following the release of its fiscal first-quarter 2025 results that fell short of expectations. The personal care products company reported lower-than-anticipated sales and earnings, citing unfavorable currency impacts and elevated promotional spending.
For the quarter ended December 31, 2024, Edgewell posted net sales of $478.4 million, a 2.1% year-over-year decrease and below the consensus estimate of $480.1 million. The sales decline was attributed to lower volumes, lower pricing due to increased promotional levels, and an adverse impact from currency movements.
Adjusted earnings per share (EPS) came in at $0.07, significantly missing analysts' expectations of $0.12. The company cited higher promotional expenses and currency headwinds as the primary factors weighing on its bottom line.
Looking ahead, Edgewell expects its full-year adjusted EPS to come in towards the lower end of its previously provided range of $3.15 to $3.35. The company cited greater-than-anticipated negative foreign currency changes as the reason for the downward revision, reflecting the strengthening U.S. dollar's impact on its international operations.
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