Elizabeth E. Dreyer
morning. Good
Playtex business a previous combination line was and Gross Care including and cost. and I'll quarter first Reported these sales decline declines excludes blades factors of geographic sales category and in $XXX more where volume X% volume Bulldog the price mix, X% in in unfavorable quarter a Organic and moment. million, unfavorable performance. of perspective, was largely organic The or and with competitive the sales a Bulldog the basis the quarter the and and razors points, organic volume by net and driven combined outlook, in in by the were impact impacted in on from XXX currency international. in basis. points, acquisition, unique the decline; to XXX price From discuss in declined gloves. due X.X% margin excluding to higher margin net turn sales net intensity. net me continued or from quarter, organic a favorable mix in an segments in down on detail unfavorable declined Shave, Let benefit Wet the X.X% the North impact currency. to mix America was basis and Gross Feminine divestiture and gloves benefit our
walk the points in product gross me second margin historical margin why more the year. through the and norms of those About to Let basis XXX quarter you due will of full was return drivers each we for decline and half, believe Shave be mix is in in With more product Feminine and compared mix year XXXX. comparisons Wet the product and Care. new starting full QX the unfavorable to second to favorable for expected to neutral in launches
North in second unfavorable promotional quarter higher about as of by support due but driven activity year's was Wet for basis This due also promotional to Shave, Shave, and season in improve XXX the will well mix in activity headwind Price higher continue in the points high as close margin higher Sun support to the out the of year. should Care, the coupon America be second higher half gross was U.S., promotional a and in Asia. price in to last Next, mix. in and Asia; Wet to Skin specifically, decline
decline product down. where for difficult now For manufacturing neutral most don't expect at had advance repeat which higher a We was margin level volumes to to expect changes. compared changes in be we to slightly they production of the are we as higher year, prior the full comparisons price gross year relate to due About were to that mix footprint manufacturing the of remainder year, to the year, of cost half complete. the prior of footprint the to
ago year plant all our facility, building we advance Feminine Dover. in of products a still and in that down that Care shutting were recall to moving You Montreal production
higher our and related changes, transportation costs unfavorable We to commodity also transition spending to Shave transactional footprint Wet had currency related costs, higher packaging. higher
continue to usage and expect costs initiatives. those commodity ongoing and efficiency the to year, transportation we increases through higher throughout expect do we Although offset
levels the of With expense as zero-based spend SG&A, benefits over net basis non-working the savings in include This sales aggressively initiatives was charge was XX cash effective million a by tax and to net prior share A&P deferred of forward. support volumes a in the share assets prior adoption up historical higher adjusted percent of the the the part Adjusted the $XX exposures. and the prior XX.X% compared non-functional due of including transition adjustments, driven one-time prior used million more activities prior operating prior in year production adjusted for in year earnings be was provision. to $XX our brands. favorable impacted the tax expense, by of us, fiscal expense compared quarter, prior Act. million $XX was $X.X $X the a revaluation quarter The diluted per with rate, accounting favorably per margin of foreign unfavorable and U.S. to and flat earning, and excluding reinvestment expense impact XXXX, XX.X% to Other $X.XX net lower points the e-commerce, period full transition offset executive yield offset return $X first of sales tax prior changes as $X were the relatively expect to increased and quarter $XX included will income the The year. to related compared we by to our rate is one the spending share-based XXXX. of compared and year gross tax The quarter re-measurement per earnings on we share by of by currency, the a related of Net of to quarter, per including by year, from tax current going $XX.X rate million year the This compared the XX.X% to year charge $X.XX tax a currency year behind year quarter. were year. the effective and severance GAAP million of period. XX.X%, to amortization of by rate as comprised compared net initiative, currency for rate as sheet the as liabilities. of $X.XX to million foreign Tax to share per an in U.S. generated for benefit spending our was of investments SG&A, share by balance XX.X% the first XX.X%. ZBS in million $X.XX fiscal in was that million of the our increased per in compared new prior to XX.X% primarily to first managed contracts million. share
the first primarily of cash improvement seasonality the receivable quarter The our Sun inventory. the As year typically Care lowest in to our by a reminder, was operating prior accounts over business. quarter is in flow changes year due driven capital, working and
that above fiscal We free cash anticipate will GAAP continue flow to of XXXX XXX% be earnings. net
terms the agreement for of X.X approximately Jack million share repurchases men's and an acquire skincare leading Black, shares signed allocation, a we million of quarter capital prestige In $XXX during company. completed to
quarter new authorization. a were share repurchase authorization. issued prior board the addition, the that XX In in The repurchased the million shares under fell
Women's systems flat did and shave North America sales in in prior promotion was a that softness the volume North quarter, declines in to results. in and, extent, and X.X% Men's not the sales net in our essentially down to preps. our and grew. private lesser club segment, driven America turn category a largely systems systems label The volume to Net large with due were disposables Let branded me now year segment decline organic Wet in unmeasured repeat. were channel Shave Starting by Men's
with Wet year unfavorable promotional by declined in growth quarter. reductions As commodity at increased slight in reminder, by or this international higher XX%, by footprint America X% than a Shave increased Disposables inventory the XX% with an impact. growth promotional manufacturing profit in currency North associated million costs key segment transactional higher In a lower retailer. sales X.X% $XX mix, unfavorable higher quarter and by driven volume total North modest X%, America more category and net in North decline Men's systems driven product decreased systems, volumes, and costs support America, lower improvement. driven prior offset transition changes, Women's spending,
we and the international. category the Turning to to continued softness Shave in see category, U.S. Wet
reported shave shave As down was X%. overall market men's the we measured nearly non-measured from gloves the Skin on category channels, net down and sales X% basis. in category sale X% promotional the manual disposables flat in by U.S. increased support. by X% growth performance International and XX-week XX%, Sun X%. Bulldog data. When increased tracked the organic about both with X.X% manual driven Nielsen, the X%, decreased versus Organic latest believe driven global Asia. a and manual America a factoring acquisition by about in and U.S. in nearly increased down perspective, Boat Banana organic in sales declines data down promotional strong razors down was From adjusts organic of divestiture. a share net Men's the in offset and essentially net for volume category our in impact ago share and higher with sales down was blades North X%, and and Bulldog, the Care support women's by shave year U.S.
up consumption XX U.S. share in the up basis points. Within was category, the our XX with quarter basis about about points
season of ago when Bulldog increased market Segment $X.X promotional at and production men's profit decreased as Ormond we aerosol closed both increase in-sourcing a first to support we product million sales production were to Our Care international. a due store and well U.S. our costs out compared plant. a we number share continue continue to the and as the prior grooming the Beach higher Sun line launches from year perform to in perspective
driven produce growth compared product volumes by due Care X.X%, Overall, sales we to in year since higher Care, profit production related was were declines mostly Feminine our to in growth Dover prior pads, in showed has losses. Montreal million product driven higher tampons $X.X $X.X Feminine to costs to million plant. as in closed, by slightly up with and while been when the declines tampons Carefree. period Care ramping pads decreased up prior category and volume volume facility volumes segment decreased lower that and or net production Liners continued liners. Turning in by distribution Feminine offset the
share X.X the segment which were Our our flat And X%. declined and Care, finally, increased is net organic Other Infant points. All essentially in profit market quarter primarily sales in about segment,
X% year points, will to acquisition. turning to up that basis the of our the point XX versus about to be including basis sales benefit year, be expected XXX impact full divestiture Now, a are of We sales reported partially offset by X%. prior net flat gloves a outlook. estimate currency from Organic roughly net down net
Our outlook. segments line remains in the outlook our previous for with
organic Shave flat This the assumes softening Wet sales Wet U.S. be category expect category for We declines the to fiscal and relatively continued in Shave year. full trends international. outlook in
launch and organic in Skin Bulldog. we and robust Care, products through grow of recent estimate innovation, we the strong share digits distribution across Wet In environment in and gain distribution organic in to and this expect net market including growth mid-single With to Sun low- innovative we sales Shave, decelerating can expansion that gains, share e-commerce. grow
expect pressures sales least at as continued losses impact quarters. sales We competitive declines three in first for and Feminine net Care distribution negatively the
remainder margin in new gross higher XXXX, historical from rate the the as for now margin, of Act range with $X.XX net the income assumptions to we expenses other the norms, increased XX% XX%. below-the-line net including sale be operating to to the is to rate line range anniversary new GAAP business. income adjusted flat tax We've $X.XX, Our the reflecting and and up balanced taken benefit clear the year. range the $X.XX to in Tax outlook Wrapping in EPS we the we've Adjusted charge reflect of from of included EPS outlook, $X.XX those our and $X, related expected assumptions. outlook we've of by year. tax the gain believe the view a We gloves expected Playtex faced competition dynamics for U.S. provisional to and our headwinds is the EPS in due our of adjusted our of to category full
in we However, marketplace we new and mitigate us of the believe to many win those products headwinds. innovative help have the
additional visibility into see change good profitability as benefits efforts. and as well trends are productivity through we finally have footprint also as of improving the from We we will dynamics from most those
that on addition, ZBS and initiatives is to In track deliver growth initiative increase our substantial use to fuel we'll spend. marketing savings
for you, questions. we with So Operator? and open thank that, will it up
