RBC Capital analysts shared their outlook on Edgewell Personal Care Company (NYSE:EPC) ahead of tomorrow’s Q2/23 earnings announcement.
The analysts expect the company to post an adjusted EPS of $0.35, which is in line with the Street estimates. The analysts expect this quarter to be driven by strong performance in the Sun & Skincare segment while feminine care also adds to the momentum given increased supply chain stability.
While management warns sun care could get more promotional in the second half of the year as consumers come under more pressure, China’s re-opening and the Billie launch into national retailers and Canada should help offset these dynamics through the remainder of 2023 for the company as a whole.