Edgewell Personal Care Company (EPC) Canaccord Genuity's 46th Annual Growth Conference summary

Strategic focus and portfolio evolution

• Simplified portfolio and exited Feminine Care to concentrate on categories with competitive advantage, enabling sharper innovation and capital allocation.

• Increased focus on sun and skin care, now 40% of the business, up from 25% several years ago, driving faster growth.

• Multiple growth engines established, with both North America and international markets contributing to growth.

• Brand campaigns and innovation have led to improved shelf presence, distribution gains, and stronger brand support.

• Ongoing SKU rationalization and network simplification to streamline operations and improve efficiency.

Brand and segment performance

• Hawaiian Tropic and Cremo are key growth drivers, with Cremo achieving seven consecutive quarters of 20%+ growth.

• Banana Boat is undergoing a refresh with SKU rationalization and new packaging, expected to drive growth next year.

• Wet Shave segment, representing 55% of sales, returned to growth in Q3, supported by innovation and marketing campaigns.

• Private label and disposables faced some disruption due to plant consolidation, but improvements are underway.

• Grooming brands like Bulldog and Jack Black are expanding, especially in Europe and premium segments.

Financial performance and outlook

• Gross margin has expanded year-over-year, driven by productivity initiatives and operational improvements.

• Free cash flow for the year is forecast at $80–$100 million due to one-time consolidation costs, expected to normalize next year.

• Capital allocation priorities include debt reduction (targeting net debt leverage below 3x), shareholder returns, and M&A.

• Increased A&P investment, up 70 basis points in 2026, is supporting brand health and market share gains.

• No fiscal 2027 guidance yet, but management anticipates a strong position with durable growth as consolidation benefits are realized.