By Dean Seal
Edgewell Personal Care expects higher sales and earnings in fiscal 2024, which started Oct. 1.
The maker of razors and feminine-care products is looking for sales to rise 1% to 3% from the 2023 total of $2.25 billion, slower than the 3.9% growth rate in the prior year. Organic sales are projected to rise 2% to 4%.
Earnings are forecast to come in at $2.20 to $2.40, up from $2.18 a share in the previous fiscal year. That figure includes restructuring repositioning charges, acquisition and integration costs, reformulation in its sun care business.
Excluding one-time items, the company is expecting adjusted earnings of $2.65 to $2.85 a share.
The macro-environment remains challenging and uncertain in the new fiscal year, but the company is still set to raise its top line and expand margins, Chief Executive Rod Little said.
Write to Dean Seal at dean.seal@wsj.com
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