Edgewell Personal Care edges up sales as restructuring efforts accelerate

Edgewell Personal Care Company (NYSE:EPC) reported modest top-line growth for the second quarter of fiscal 2026, as the company continues to navigate a shifting retail environment through a comprehensive multi-year restructuring program.

The Shelton, Connecticut-based firm—parent company to brands such as Schick, Banana Boat, and Bulldog—delivered results that largely aligned with management’s internal expectations for the mid-year period.

For the second quarter, net sales from continuing operations rose 0.6% to $519.5 million.

However, on an organic basis, which excludes the impact of currency fluctuations and acquisitions, net sales declined 2.4%.

Profitability for the quarter remained heavily influenced by the company's ongoing efficiency initiatives.

GAAP diluted earnings per share was $0.09, while adjusted EPS, which excludes restructuring and other one-time items, came in at $0.60.

Adjusted EBITDA for the period was $73.8 million.

The company’s balance sheet as of the quarter's end showed cash on hand of $299.7 million, with an adjusted net debt leverage ratio of approximately 4.0x.

Despite the leverage profile, the Board of Directors declared a quarterly cash dividend of $0.15 per share, signaling a commitment to consistent shareholder distributions.

In a move to further optimize its cost structure, Edgewell increased its expected restructuring charges for the fiscal year to approximately $90 million.

These costs are associated with the company’s "Right Size" initiative, aimed at simplifying the global supply chain and reducing corporate overhead to reinvest in brand-building and innovation.

Looking ahead, management reaffirmed its full-year fiscal 2026 adjusted EPS guidance in the range of $1.70 to $2.10.

The company also raised its reported net sales outlook to a range of 0.8% to 3.8% growth, reflecting a slightly more optimistic view of its market position and currency tailwinds for the second half of the year.