Q4 2024 Edgewell Personal Care Co Earnings Call Transcript
Key Points
- Edgewell Personal Care Co (EPC) achieved slight organic net sales growth and expanded adjusted gross margins in fiscal 2024.
- The company delivered double-digit adjusted earnings per share growth at constant currency for the second consecutive year.
- International markets grew over 7% and now constitute about 40% of total revenue, demonstrating strong global performance.
- The Billie brand gained 260 basis points of market share in women's shave, indicating successful brand expansion.
- Edgewell Personal Care Co (EPC) reported significant productivity savings, contributing to gross margin accretion and strong bottom-line results.
- Top line growth was below expectations, with organic net sales decreasing 2.8% in the fourth quarter.
- North America organic net sales declined about 6%, with specific declines in Wet Shave, Fem Care, and Wet Ones.
- The US Sun Care category consumption declined about 6% in the quarter due to unfavorable weather conditions.
- The company faced supply chain challenges, particularly in the grooming, skin, and preps businesses, impacting sales.
- Currency fluctuations are expected to be a headwind to earnings in fiscal 2025, adding financial pressure.
Good day, and welcome to Edgewell's fourth quarter and fiscal year 2024 earnings conference call.(Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Chris Gough, Vice President, Investor Relations. Please go ahead.
Good morning, everyone, and thank you for joining us this morning for Edgewell's fourth quarter and fiscal year 2024 earnings call. With me this morning are Rod Little, our President and Chief Executive Officer; and Dan Sullivan, our Chief Operating and Financial Officer. Rod will kick off the call then hand it over to Dan to discuss our 2024 results and full year fiscal 2025 outlook before we transition to Q&A. This call is being recorded and will be available for replay via our website, www.edgewell.com. During the call, we may make statements about our expectations for future plans and performance.
This might include future
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