Edgewell Personal Care Company Reports Q3 FY2024 Financial Results

Edgewell Personal Care Company Reports Q3 FY2024 Financial Results

Edgewell Personal Care Company (EPC) has reported its financial results for the third quarter of the fiscal year 2024 ending on July 31, 2024. Below are the key highlights from the earnings release.

Key Financial Metrics

Interpretation: Edgewell's total revenue increased by 3.37% quarter-over-quarter and 7.66% year-over-year, meeting the consensus estimate exactly. The EPS of $1.01 marks a 3.06% increase both quarter-over-quarter and year-over-year, also aligning with the market expectations. This indicates solid financial performance and effective cost management.

Revenue Performance Across Segments

Interpretation: All major segments demonstrated growth, surpassing previous guidance. Wet Shave and Sun and Skin Care showed strong performance with significant year-over-year increases of 5.88% and 7.69%, respectively. Feminine Care also posted a notable 9.01% year-over-year growth, albeit with smaller quarter-over-quarter gains.

Stock Price Movement

Following the earnings release, Edgewell Personal Care Company's stock has seen a post-event increase of 2.80%.

In summary, Edgewell Personal Care Company delivered strong quarterly results, meeting or exceeding consensus estimates while demonstrating robust performance across key segments. The market has reacted positively with a slight uptick in the stock price post-announcement.