Edgewell Reports Q2 Revenue of $519.5M, Exceeds Expectations
Reports Q2 revenue $519.5M, consensus $518.51M. "We delivered a strong second quarter, with results ahead of our expectations, driven by improved execution and innovation that is resonating with consumers, reflected in the continued momentum in brands like Cremo, Hawaiian Tropic and Billie," said Rod Little, President and Chief Executive Officer of Edgewell Personal Care. "We are moving forward with a simpler, higher-quality portfolio with a stronger margin profile, allowing us to allocate capital to the categories and markets where we have clear competitive advantages. As we look ahead, we are committed to executing against our four strategic priorities-international growth, innovation, productivity, and our U.S. commercial transformation-which underpin our confidence in returning to organic growth, expanding margins, and improving cash flow over the balance of the year and beyond."
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- Significant Revenue Growth: Mammoth Brands anticipates reaching $835 million in revenue for 2024, with nearly $100 million in adjusted EBITDA, reflecting a robust compound annual growth rate exceeding 20%, indicating the success of its business model and increasing market acceptance.
- IPO Plans Emerging: The company is considering an initial public offering in the second half of 2024, aiming to attract a broader investor base and enhance its capital structure to support brand investments and market expansion, showcasing confidence in its future growth.
- Ongoing Acquisition Strategy: In 2025, Mammoth acquired the premium diaper brand Coterie for over $1 billion, with Coterie reporting over $200 million in net revenue over the past year, a nearly 60% increase, highlighting Mammoth's proactive approach to expanding its product lines and market share.
- Intensifying Market Competition: As smaller brands rise, traditional CPG giants face unprecedented challenges, with Mammoth redefining consumer expectations in personal care through its direct-to-consumer model and innovative products, driving industry transformation.
- New Campaign Launch: Hawaiian Tropic introduces a dance-themed campaign featuring the nostalgic '90s hit 'I Touch Myself', aiming to transform the sunscreen application process into a fun and confident dance experience, which is expected to attract a large number of young consumers.
- Celebrity Collaboration: Social media personality Alix Earle partners with the brand again, leveraging her success on 'Dancing with the Stars' to enhance brand visibility and engagement, which is anticipated to significantly boost the brand's social media interaction rates.
- Media Partnership: For the first time, Hawaiian Tropic becomes the official suncare partner of 'Sports Illustrated Swimsuit 2026', planning extensive media promotions and social media activities to increase brand exposure and attract target audiences, which is expected to drive sales growth.
- Dance Tutorial Release: The brand will launch a dance tutorial encouraging consumers to replicate the dance moves from the video, enhancing brand engagement and customer loyalty, which is anticipated to further solidify Hawaiian Tropic's leadership position in the sunscreen market.
- New Campaign Launch: Hawaiian Tropic introduces a dance-themed summer campaign featuring the nostalgic '90s hit 'I Touch Myself', aiming to enhance consumer engagement with sunscreen application, which is expected to significantly boost brand appeal among younger demographics.
- Celebrity Collaboration: Social media influencer Alix Earle partners with the brand again, leveraging her popularity from 'Dancing with the Stars' to attract more viewers, which is anticipated to drive social media interaction and brand visibility.
- Media Partnership: The campaign marks an official partnership with Sports Illustrated Swimsuit, planning extensive media promotions during Swim Week, which is expected to elevate brand awareness and drive sales growth.
- Dance Tutorial Release: The brand will launch a dance tutorial encouraging consumers to replicate the video’s dance moves, which is expected to enhance consumer engagement and brand loyalty while increasing sunscreen usage frequency.
- Sales Performance Growth: Edgewell reported net sales of $519.5 million for Q2 2026, reflecting a 0.6% increase, bolstered by a favorable currency impact of $15.5 million, indicating the company's resilience and growth potential in international markets.
- Adjusted EPS: The adjusted earnings per share stood at $0.60, down from $0.69 in the prior year, yet it underscores the company's ongoing efforts to optimize its product portfolio and enhance operational efficiency, boosting confidence in future profitability.
- Gross Margin Decline: Gross profit was $216.9 million with a gross margin of 41.8%, a decrease of 410 basis points year-over-year, primarily driven by core inflation and tariffs, highlighting challenges in cost control that necessitate further efficiency improvements to restore profitability.
- Capital Allocation Strategy: The Board declared a quarterly cash dividend of $0.15 per share and repurchased approximately 700,000 shares at a total cost of $15.8 million during Q2, demonstrating the company's commitment to shareholder returns while actively managing its capital structure to support future growth.
- Brand Strategy Shift: Schick launches its skin-first campaign “Do Right By Your Skin,” emphasizing that shaving is not just about hair removal but also the first step in skincare, aiming to improve consumer satisfaction, particularly addressing the dissatisfaction of over 50% of U.S. consumers with their current razors.
- Product Innovation: The new product line includes Hydro Sensitive, Xtreme 3, Hydro Silk, and Intuition, featuring skin-loving ingredients like aloe, hyaluronic acid, and pro-vitamin B5, designed to provide a comfortable shave while keeping skin moisturized and reducing irritation and cuts, enhancing the brand's competitiveness in the skincare market.
- Celebrity Endorsement Impact: Partnering with renowned singer Nick Jonas, the campaign leverages his influence to elevate the brand image, promoting shaving as a form of self-care and aiming to shift consumer perceptions of shaving from a chore to a beneficial routine.
- Market Positioning Redefinition: Collaborating with BBH USA, Schick redefines its brand image by adopting skincare brand marketing strategies, showcasing how its products care for the skin during shaving, thereby enhancing consumer loyalty and market share.
- Brand Philosophy Shift: Schick launches the 'Do Right By Your Skin' campaign, emphasizing that shaving is not just about hair removal but the first step in skincare, aiming to enhance consumer satisfaction, especially as over half of U.S. consumers express dissatisfaction with their current razors.
- Product Innovation: The new razor lineup, including Hydro Sensitive, Xtreme 3, Hydro Silk, and Intuition, incorporates skin-loving ingredients like aloe, hyaluronic acid, and pro-vitamin B5, designed to provide a comfortable shave while reducing dryness and irritation, thereby enhancing the brand's competitiveness in the skincare sector.
- Celebrity Endorsement Impact: Partnering with renowned singer Nick Jonas aims to redefine shaving as a form of self-care through his influence, leveraging his image to boost brand awareness and attract younger consumers to the connection between skincare and shaving.
- Market Positioning Redefinition: Schick collaborates with BBH USA to adopt skincare brand promotion strategies, reshaping its brand image and emphasizing its long-standing commitment to skincare, with the goal of increasing market share and enhancing consumer loyalty through this new strategic approach.








