By Denny Jacob
Edgewell Personal Care shares slipped 6.6% in premarket trading after its latest results were affected by a stronger dollar and its outlook hinted at challenges ahead.
Shares were trading around $29.50. The stock is down 21% over the last year.
The maker of razors and feminine-care products swung to a loss of $2.1 million on $478.4 million in sales. This compares to earnings of $4.8 million on $488.9 million in sales a year earlier.
Sales decreased in its wet shave and feminine care lines businesses, while its sun and skin care business grew.
The company said a strengthening dollar impacted its top- and bottom-line in the quarter and it expects further additional headwinds for the year.
For fiscal 2025, Edgewell said it expects earnings per-share to now be between $2.54 to $2.74 compared to its previous guidance in the range of $2.59 a share to $2.79 a share. Adjusted earnings per-share, meanwhile, are now expected to come in towards the lower end of its forecast set between $3.15 to $3.35, which the company said reflects increased anticipated negative foreign currency changes.
The Shelton, Conn., company said its outlook doesn't reflect potential impacts from U.S. or retaliatory tariffs given their rapidly evolving nature.
Truist Securities' Bill Chappell said in a research note following results that Edgewell's progress with productivity initiatives and international growth is being overshadowed by foreign exchange headwinds and declines in North America.
"With pricing and volumes both under pressure in the U.S. and guidance including a much larger hit from FX… we understand why some investors may stay on the sidelines until the top line sees stabilization and there's more neutral currency dynamics," said Chappell.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 10, 2025 09:27 ET (14:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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