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Edgewell Personal Care Company (EPC) Reports In-Line Q1 EPS; Maintains Outlook

February 2, 2017 6:12 AM

Edgewell Personal Care Company (NYSE: EPC) reported Q1 EPS of $0.66, in-line with the analyst estimate of $0.66. Revenue for the quarter came in at $485 million versus the consensus estimate of $496.81 million.

GUIDANCE:

Edgewell Personal Care Company maintains FY2017 EPS of $3.90-$4.00, versus the consensus of $3.83.

""The fiscal first quarter was a solid start to the year. We are competing well in Wet Shave and Sun and Skin Care and we are making progress on our Zero Based Spending initiative," said David Hatfield, Edgewell\'s Chief Executive Officer, President and Chairman of the Board. \"We are particularly encouraged by our Wet Shave performance, as we grew manual shave share globally, and grew both sales and share in North America, driven by our core strategies of innovation and portfolio expansion. However, the competitive environment remains intense and like many other companies, we are facing increased macro-economic uncertainty, including additional headwinds from the strengthening US dollar. Despite these challenges, we remain on track to achieve our full year targets and deliver enhanced shareholder value by leveraging our strong innovation pipeline, and focusing on improving operating margins."

For earnings history and earnings-related data on Edgewell Personal Care Company (EPC) click here.

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