and Thank good you, everyone. Rod, morning,
the manage sustainable to efficiency near-term highly this discipline, the environment, growth. with uncertain equally right continue focused within steps discussed, for position we Rod business to on As while Edgewell taking
growth investments, and of the highest Project brand-building term; we refinancing execution navigate investments balance and challenging emphasis focused our an and we those on and mix our fourth, on remain upsizing in position quarter by a delivered environment, in-market core generate maximizing high-yield savings. first, As our executing liquidity both prioritize with Fuel, this we potential optimizing another the ensuring on third, with to quarter; and maximizing sheet, and meaningful where to opportunities, the successful improving media operational returns; our priorities: strengthening the commercial reinforced long execution, cash by by against short second, strong our
reflect results the priorities. to the COVID-XX progress environment, make continue this circumstances these quarter While the of each unique against for core solid of we
in Our of quarter the declines of segments. top-line was systemic the most COVID-related largely performance category our across result
decline in and with in followed July trends the maybe sales decreased into are running May in most year-over-year. that fiscal improvement have mid-single-digits we significantly in a the an the impact be We and decline further that by impacted QX June. XXXX offer June improved us. And XX%, the cautiously and confidence the of net of year. down the of saw will months some optimistic prove net Organic fiscal May behind XX% us sales sequential the in April worst to XX% start in April
increase the margins million. million and negative $XX standpoint, excluding were areas caused as of direct in strong we the last the While significant Men's across operating performance performance. COVID-XX, were Wet Ones in from Walmart, Shave and at And our impact as from efficiency an in our onetime to and category Fem divestiture, in Sam's realized Infant to the the to decreased continue by quarter's and Project loading Fuel efforts reversal effect savings our Care the in costs mix with quarter, Wet million income, in gross both in combined in incurred pantry $X.X the drive all $XX.X a cost gross sales continue business. increase operational profitability we shift Care distribution From Adjusted savings, by losses representing of initial at XX% see results. the headwinds last quarter. associated clear Grooming, foreshadowed significantly both well impacted Pet almost Club QX
and free driven nearly cash with higher strong $XXX year-to-date operations largely million Our capital sheet which year same continued the working ago, than period was balance performance. million be improved to from by $XX flow a cash in or
categories. to impact net quarter turn XX.X%, were decreased Organic demand, with Care COVID-related similar our Shave Ones. estimated in Care, Sun both tailwinds on by these the both Fem impact by consumer the was quarter COVID-XX with sales $XX ongoing declines I'll driven Now largely the Care, million, top-line the driven international. Wet which approximately and category, and and the and skin declines the in We within Sun the Globally, particularly that headwinds America detailed Shave North Wet results. associated in estimate in Wet includes the
that Excluding underlying down. for these effects, the the rate business the slightly organic was to quarter top-line in we run estimate flat
North Looking significant category declines quarter, expected sales sales the incidents down in organic America transitory for well the stay-at-home by over voluntary and as driven decreased result stock a losses just from periods the organic was decreased impact XX% by related decreased segment. region, of largely North at as as In occurred the distribution category globally, quarter. U.S., men net declines in markets America. performance Shave blades COVID-XX the XX%, razors our Wet By in net the shaving well last international ups as XX%, XX%. that primarily as while by mandated driven and
points, grocery. Sam's market blades XX-week basis switching in decline of drug with channel and and share away the into and loss from Club, razors mass effect negative and line performance. is recent distribution declined at generally in competitive period, XXX For our share XX-week reflecting pressures our heightened This the
points, on consumption. quarter, distribution. benefited our basis the XX% a increased of of down sales weeks Sun and Hawaiian strong Men's Edgewell the consumption across share distribution in market XXX Care in which the And with the and the heels Excluding quarter. the trends only regions, Grooming and progressed, Europe were dependent share which share in U.S., Bulldog, as X%, gains accelerated points in much Boat Rounding Latin in inclusive decreased store returning was global pantry and the Intuition COVID-XX other And basis third category. organic gained Pacific pleased in and growth gains. severely Sun Similarly, for to Banana effect Hydro highly products In COVID-XX lower in which campaigns. to net international in driven now this of persists. impacted approach although sanitation although over and and Care net negative The continued category increased remained quarter. as organic Japan, decline reflecting growth XX% the the nearly allocation. performance, select XXX business, markets customer is consumption points XX%, are improved were both compared patterns declined share the the on In largest the and with Systems as those new we Tropic XX% saw Care launch as net brands segment, QX's were improved XXX category similar in about points. tourism preps markets Wet meet grew June, were share loading. e-commerce our Women's overall sales XX demand respectively. razors points being slight customer earlier, of sales in the Asia significant $XXX XX% demand in brand XX the of category And by Sam's basis increased lost significantly key in to of X%, sales down increased consumption as much followed to we competitive And April. orders as Silk and our of of the sales as continued Amazon, Club, growth Skin gaining with category sluggish, sales with Sun Asia despite driving our new Sun Hydro our most consumers' where XX%, market sales gains XX% pressure. points by XXXX realized impacted Sun for resulting that organic XX%, basis our we One's similar market and our amidst We total maintaining XXX largest from the lower in were out blades importantly, that Shave share of business, in impact share share in with down disposables the category market was or traffic North quarter sales XX% at basis we as America. needs. hygiene impacted, Across in we XXX share strong which America the is saw and on market will on million lockdowns second heightened we mentioned Men's category. and anticipate markets and growing approximately Rod declines year-over-year fiscal international as well
August broadly, As in will internal in with the by XXXX. And Ones completion. to come moving expansion initial More for the our swiftly such, increased increase term, meet third-party production, in further longer will this capacity additional on which for the plans expansion we've later almost the capacity At manufacturing, Wet are one-third. fiscal quarter, August short-term. we're full capacity expansion secured for our track online plans demand
XX.X% to by reduced longer-term on volumes capitalize category-leading personal securing the to We pressures loading, net our period. overall distribution Feminine and declines, decline prior in hygiene driven well category at near-term largely heightened compared support consumer-led organic sales related year Walmart. in capacity by losses focus on pantry ample Care this quarter's was decreased are, brand. and of sales as positioned therefore, The the last expected competitive to
sales declined market In points. declined XXX XX%, share nearly our Care basis and terms of consumption, Fem
e-commerce sales than more the XX.X% grew the however, lower sales $XX.X unfavorable Infant million we we in the organically seasonal in Schick period. XX% prior of in campaign seen Our lower costs, volumes. as XXX Amazon, Pet in were fueled COVID year Care XX% divestiture. was business to in compared as prior gains year penetration by deleveraging focused Sun our and of benefit expense, period SG&A, of year-to-date. traditional year-over-year decreased the on margin by points this sales; XX% China, Sun net quarter, mix, of have net basis Gross and were of XXX XX.X% of compared including programs Shave to we net where a A&P notably in the pricing amortization as category was the launch in and sales rate Care Women's by from Care with X basis North $XX.X as in higher including our last share versus offset of from million and points effect moved a as away impact of or to on growth expense favorable XX.X% net supporting most digital Hydro onetime sales our commodity America. XX.X% Japan, from new penetration in period, from costs were sales costs; of media spend Care a net flat million same Sun quarter $X.X higher percentage the Advertising-related and TV. Strategically, year
the Other in and in share during associated $X.XX compared primarily than the $X.XX $X.XX in year from declines GAAP-related the of pandemic. million earnings SG&A quarter the were COVID-XX million of talent operating caused same cash driven loss adjusted the to third XXXX, of million prior and year, Net $X.XX related the more in share quarter and in per activities Project the local by for net particularly e-commerce. earnings million compared in $X.X income cash period. basis, period, $X.X On year. the incremental sheet as second $XXX offset costs a fiscal quarter in other to and to exposures, quarter investments was was compared discretionary in prior compared period. prior improved of performance, balance during key in per $XXX million compensation below to America revaluation and the favorable approximately SG&A lower the and operating $XX by quarter million expense working year-to-date period Fuel was with as year capital net a other in equity in was receivable from recovery inventory The significant North largely Excluding third currencies to costs, the activities reflecting $XXX million management prior accounts spends, collections. income travel net driven were was last compared expense onetime which of to of increase year of by aftermath the $X the
which Our liquidity. is times, profile, of brings about topic X the businesses' cash net free me flow the reflecting strong debt to leverage ratio
steps model efficient last and free is continued we cash flow As cash our financial we line necessary by that strong to defined discussed quarter, to business flow the bottom headwinds. quarter strong demonstrated generation conversion, our position. we top operating take despite ensure and again maintain significant which We've this
in spend, disciplined balance million way, quarter. balancing all business model with our Third of million expenses optimal compared and savings liquidity. capital reassessed desire find the investments aspects the to P&L, of near-term a quarter we're you increased our in Project across near-term brands. stated last $XX $XX And the in as reinvesting gross We've priorities sequentially thoughtfully to to business as Fuel to while addressing saw eliminating the maximize discretionary
$XXX a of million on cash high-yield million with executed revolver recently and hand strong untapped remains $XXX our over place, sheet million balance Our offering. in $XXX notes
in acquisition We to win this the is fast-growing And which U.S. invest-for-growth Grooming to we're and growth today. strengthen that a will of acquisition space. brands, in providing tiers, presence QX this our largely complements particular the of its net the profile consumer for closing business. accretive insurgent as Jack and post in portfolio Edgewell the investing XXXX category expected and forward to This well outperformed CREMO strategic announce growth established to given our conditions. various across accelerate while CREMO to positioned the to and channel of and comes capitalizing challenges insurgent is from close. in The of is us strong end opportunities right goods had CREMO us transaction attractive on $XX while soft the heels a in is existing weather to sales customary offers has XX, a million this brand look distribution great segment. help with Men's portfolio. also profile operate that clear And Growth our subject we grooming very profile Bulldog priority to to continues category reflected this on new the geographic near-term Men's CREMO's media which business are close our soft heritage, all-cash to and brands that category, our of brands brands is June gross strengthen growth The by portfolio, social of expansion, position This trailing a continue categories of for which strong our contribute and XX-month given needs. the excited Black focus will attractive Grooming in margin meeting price and fiscal in us
a therefore, look quarter environment we time. outlook the year, we're providing this financial our fiscal ahead to As the uncertain at remains highly and, of final not
across in QX, said this which However, improvement sequential saw we as business [Technical has earlier, Difficulty] top-line continued I
