Sandra J. Sheldon
and Organic down $X.X driven and sales largely lower benefit Feminine declines of net the down David, X.X% quarter quarter basis good From a were excluded and perspective, Bulldog flat decline organic $XXX in everyone. start an $X.X was net segments. acquisition by from Reported Wet from and organic down Shave organic sales a were the benefit Thanks, America in with essentially XX.X% a currency. international. million, and North in million The X.X% sales net net in million sales volumes fourth Care. morning, in the geographic on each the with I'll results.
we a Wet result that America, some ZBS increased more shift we chain trade lower spend trends cost basis in was Although expense sales lower decline softness category of Shave and we in the and on expense well XX to from prior-year our to Care this sales to net contributed impacts, margin mix. expected percent net a in and Care was was year persisted outlook as compensation mix basis currency expense our in the points negative did as sales fourth XX.X%, came down unfavorable advertising Systems volumes, volumes lower investments compared quarter. primarily incentive to the to and a decrease in offset reflected in below Women's non-working some in in an Skin XX.X% prior-year the North spending media of be share Shave, down, spend of transactional category ZBS A&P support Care unfavorable Free specifically as quarter, in The than sustained net to quarter results. lower driven of that into and support, losses Wet supply growth from a promotion negative Feminine initiatives. repeat. XX.X% hurricanes. quarter. our The due Care net product the which Europe, in impacts initiative, weather-related Sun and issues Disposables in of additional by savings price European in also mix Feminine sales also related reflecting savings with unfavorable of XXX which Gross SG&A improvement A&P a and the campaign was reflects not points, is lower XX%, cost in
million $XXX Playtex values of adjust charge brand impairment asset related of tradenames intangible Playtex the indefinite-lived noncash names; to a carrying name. to and to the the was recorded we the quarter, charge Edge brand million the During of related $XXX
While year, These company used going in trade in down support $X.X growth forward. year, Other compared value names quarter Playtex and was of and The rate branded for effective amortization nonfunctional in was assets, Feminine a business balance prior-year sheet compared currency revaluation quarter, the prior lower and and the amortizable to of both $X the in expense to $X.XX tax foreign changed brand of primarily of million period impacted year year. to to projections result this cash prior $X.XX loss Care was Interest of the to for name. contracts flow and exposures. continues as the XX.X%. income heritage adjusted currency debt resulting the million and the was was compared quarter additional EPS performance levels amortization equity, $X, year. in prior were below $X.X adjusted million and million share declining strong the EPS brand Infant its expense the reflecting in the XX.X%, of the the $X.X annual the full the slightly Care in GAAP-diluted reflecting to
due to Women's and Men's of mirrored in The categories quarter. along Men's results. in Starting well Disposables. down expectation well with YOU. continued activities, the and in Wet with softness Systems was Disposables North retail In non-repeat Wet as sales Women's our and Systems inventory than EMEA, with the promotional decline net organic decreased offset to turn issues decline based was were with segment sales decreased persistence. as while Women's net in was organic incremental we're of roughly based, category just segment, me sales added declines XX% net X%, in as for year International supply chain Quattro seeing more which what X% net our America, in over category which related below Systems as Disposables. Let Shave project sales sales largely now prior The the some in our organic Shave to reduction, quarter declines due to our footprint
category We we negative in both Wet currency also category, continue by Systems the material to softness lower profit softness Disposables. markets. favorable segment Wet volumes as on EMEA's Women's decreased lower across due mix see Shave well spending. offset as saw and Men's In impacts to developed Shave slightly and XX% cost
tracked due difficult is to consumption and year shipments to measured sales decreased the winds the this help the Men's over manual Care From as in a in down XX%, U.S. quarter, but curtailed trade with manual the that decreased to shave favorable X% global essentially down net by overall share non-measured razors Keep the latest season about and down in XX.X% ago comparison sales consumption expected down U.S. category flat mind Nielsen, Organic in the quarter, about Women's as largely and the including X%. manage acquisition. impact our in a in the shave Sun the was well. weather When versus U.S. prior As X% XX%, the X.X% was net factoring perspective, down blades shave the in category which down during XX-week had channels, down inventory and share Bulldog as with manual year market Skin and from both data, data. are believe fourth down was levels. category's positive more X% we Disposables category Men's U.S. highest
perspective U.S. lower million, grooming by Segment increase Care $X.X Sun to decreased higher returns. number both Bulldog we volumes Our primarily share international. product from well men's the line and store both market continue performed as the sales launches a of and driven profit and in
and Care driven primarily by Within was cooler the U.S. hurricane-related Sun category, down about the weather consumption quarter X% in issues.
improved market new by gains driven X.X Hawaiian share U.S. brands, products incremental Our the and quarter; in Banana and both Boat points by in distribution. Tropic
Turning net segment category volumes. tampons and offset to lower A&P decreased improved retail volume offset competitive and to million, some as pressure, Care. slightly the increased reductions. in and losses, Feminine tampons, spending, $X.X XX.X%, declines Organic liners heightened Care was declines by distribution driven driven well down growth Feminine pads in sales and profit related by inventory Feminine mix overhead than Overall, cost with mostly lower by as which in Care more pads. liners,
America is by X.X X.X Our decreased driven volumes, which and Feminine Other an primarily product results. finally, Other declined A X.X% million, sales activity lower North net infant in in net spending and volumes. All prior increased feeding. to sales margin the was Care decreased Sun volumes points. market international $XXX reported Net share due private highlights Full And profit declines. organic and competitive lower driven of segment Fem from related of production returns a organic label. declined X.X%. mix. our Wet increased the down decreased improved to All in sales in and Care year offset price cost, about by by $XX.X year. of net $X.X net promotion organic in was U.S. at XX.X% higher with lower were Infant a and the shift Canada to perspective, amortization. year net decline heightened with sales mix, basis to line driven versus savings Care X.X% including sales, million for related year of and X.X% % advertising sales spend, move million, From $X.X material of XX.X%. organic products XX costs on A&P non-working organic basis. line intangibles cost by or expense an full-year Care, category favorable sales Skin points, X.X%, million offset basis XX% declines segment and on lower of organic net roughly expense partially primarily spend the the few by decreased unfavorable was prior decreased sales lower on support our Normalizing prior net on and by sales to productivity, X.X% on by XX.X% higher sales branded the the organic X.X% of net segment, the driven volumes net Shave for an was trade SG&A partially Gross lower exit basis spend as restructuring
the Excluding XXXX prior sheet along million the from program in a Other spend by from of Lower XXXX. compared our $XXX.X $X.X million fiscal the as currency compensation than prior contracts initiatives year the million offset exposures. year. earnings productivity driven with in to in investments million improve $XX sales prior growth was year. by non-functional expense XX amortization more over of earnings net to costs compared Adjusted percent of ZBS incentive were revaluation income points in $XXX million, and $X basis and the year. in fiscal SG&A savings to foreign balance XXXX, compared in currency $XXX XXXX were million Net this
of compared and to for XXXX fiscal adjusted fiscal prior was cash pension funding currency discretionary compared adjusted charge, in as Excluding income, The $XXX earnings. the impairment during Adjusted $X.XX costs, fiscal offset million higher XXXX. fiscal driven million plans share profit Net $X.XX million net adjusted translation. Other of reflects in increase part XXXX. EPS operating costs, earnings fiscal XXXX current-period was XXXX spend in to year. compared the to intangible was the primarily and asset fiscal net the earnings activities for favorable per in in higher by earnings $XXX $X.XX and GAAP were by to XXXX operating $XXX as improvement of restructuring from $X.XX diluted negative
million XXXX of terms Playtex the opened and business. capital we the year with approximately acquisition during In Gloves year. completed of allocation, with year of repurchases Bulldog, closed share We shares X.X divestiture fiscal the of the the we
portfolio M&A both topline structure. and margin this our our relatively our small, focus both look the reflects and optimization individually, growth to on improve are accelerate to While, we ongoing future as
some and restructuring we and significant with to our continue the initiatives XXXX, were years. These to significant multiyear large that over completed will during a Zero-Based structure drive Spending also year. focus, took great In efforts pleased operations-based cost across Finally, which the of despite more with outcome budgeting to instituting and next faced two global in we're completed benefit significant resources this significant delivery the XXXX, savings and cost in XXXX. effort savings we we even difficulties our business XXXX come
As be growth, focus identifying focusing noted, we'll for additional to continue our we'll programs beyond. XXXX opportunities David and productivity on and for fuel as on
net will impact outlook This and Wet also ongoing losses Care International. Now, assumes currency estimate assumes outlook. with the least pressures mid-single-digit full-year year. It be leading at slightly decline turning U.S. generally year. net our in category offset in the prior basis are that through of sales reported Organic a Feminine in to by a XX-basis-point sales Playtex benefit approximately flat compared the year, prior sales for and will quarters, sales heightened Gloves continue expected the down with Shave to trends competitive a acquisitions. three We of in first flat negatively category net including from divestiture net impact points, partially to softening XXX to declines the to net distribution be the
by earlier. However, market environment estimate enabled can that in innovation decelerating we're to this this as in we Wet described year, Shave, David grow share bringing significant we
growth Sun to net market flat. Therefore, to sales expansion, distribution organic digits Care, We e-commerce. organic mid-single distribution in strong low gains, Wet in including to expect grow relatively Skin expect Bulldog. gain share overall, and continue we to And sales we be organic also expect robust to through and and Shave innovation, in
a adjusted of including expected to and to of an reflecting employee income operating to The of million a the to is XX% well adjusted the outlook rate modest XX%. the Our as range is estimated points a of GAAP tax Adjusted for EPS pre-tax $X, EPS U.S. adjusted adoption higher to impact expansion of rules. XX XX of earnings, margin be tax rate from $XX gain in share-based range the divestiture. new as $X.XX, basis of Gloves XXXX payment negative to in $X similar mix accounting $X.XX assumes foreign
In higher Other have the as expense XXXX. addition, below-the-line we anniversary income will we from
net core savings, Our Zero-Based the initiative projects approximately our in deliver fund are fiscal $XX $XX restructuring million initiatives. XXXX estimated from Incremental to be over which to is to will principally million strategic Spend in anticipated growth and $XX investments savings and XXXX years. million
we and quarterly product fiscal our quarter, in and X% earnings at this XX% in half EPS In our point, sales higher sales outlook, terms organic arriving the growth includes we sales will phasing, in In approximately and our our higher investment cost half. as timing announced not uniform spend declines from and first currently the be that half, headwind. by driven year. marketing X% the of first we've anticipate will product of sales adjusted net of of to by And the actions lower at well as reflecting outlook deliver estimating XXXX the assessed of first mix, largely the launches, competitors, we're
enable to believe wrap and that effectively compete we environment. As reiterate have strategies in I in place I products, want portfolio, to to we innovative this up, difficult new the us
and to it ensure to support operating for questions. initiatives the We innovation appropriate success up core long-term with investment we'll will of of balance that, Care. Edgewell in growth With open margin continue the Personal of level