Edgewell Personal Care Company announced its financial results for the first fiscal quarter of 2025, ended December 31, 2024. Net sales for the quarter were $478.4 million, a decrease of 2.1% compared to the prior year, including a $4.0 million unfavorable impact from currency movements. Organic net sales decreased 1.3%.
GAAP net loss was $2.1 million, or $0.04 per diluted share, compared to net earnings of $4.8 million, or $0.09 per diluted share, in the prior year quarter. Adjusted net earnings were $3.3 million, or $0.07 per share, inclusive of a $0.17 unfavorable currency impact, down from $12.0 million, or $0.24 per share, in the prior year quarter.
International markets showed 2.0% organic growth, driven by price and volume gains in Wet Shave and Sun & Skin Care. However, North America organic sales declined by 3.9% due to decreases in Wet Shave and Feminine Care. Adjusted gross margin, at constant currency, increased 80 basis points, primarily due to productivity savings of approximately 340 basis points, which were partially offset by increased promotional levels and core inflation.
The company updated its full-year fiscal 2025 outlook to reflect foreign currency changes, while still expecting organic net sales, adjusted EBITDA, and adjusted EPS to be within its previously provided range. Pre-tax restructuring and repositioning expenses for the full fiscal year are expected to be approximately $29 million.
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