{"id":385988,"date":"2020-11-20T08:48:08","date_gmt":"2020-11-20T13:48:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385988"},"modified":"2020-11-20T08:48:08","modified_gmt":"2020-11-20T13:48:08","slug":"edgewell-unveils-long-term-strategy-to-drive-growth-and-shareholder-value-at-its-virtual-investor-day","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/edgewell-unveils-long-term-strategy-to-drive-growth-and-shareholder-value-at-its-virtual-investor-day\/","title":{"rendered":"Edgewell Unveils Long Term Strategy to Drive Growth and Shareholder Value at its Virtual Investor Day"},"content":{"rendered":"
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Announces Initiation of Quarterly Dividend of $0.15 Per Share<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SHELTON, Conn.<\/span>, Nov. 20, 2020<\/span> \/PRNewswire\/ —\u00a0Edgewell Personal Care Company (NYSE: EPC) announced that management will unveil the details of a comprehensive strategy to drive top and bottom line growth, predictable cash generation and enhanced returns to shareholders at its Virtual Investor Day today. The Company will also discuss its capital allocation priorities and the assumptions that underlie its long-term financial targets.<\/p>\n

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\n \"Edgewell
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The Company will discuss its long-term strategy to help transform Edgewell into a growing, sustainable and consumer-centric Personal Care and Grooming company. The key strategic priorities supporting its strategy include:<\/p>\n

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  1. \n
    \n Expanding its presence in attractive growth categories<\/i>
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    \n , as a catalyst for accelerated topline growth across a meaningful portion of the portfolio<\/i>\n <\/li>\n
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    \n Building brands consumers love<\/i>
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    \n \u00a0with consumer-centric innovation at the center of all commercial plans<\/i>\n <\/li>\n
  3. \n
    \n Being a trusted strategic partner to retailers<\/i>
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    \n , strengthening partnerships and leveraging world-class manufacturing and formulation capabilities<\/i>\n <\/li>\n
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    \n Simplifying “everything”<\/i>
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    \n \u00a0across the enterprise, enabling continued productivity and cost reduction<\/i>\n <\/li>\n
  5. \n
    \n Being a company people love to work for<\/i>
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    \n , putting People First and ensuring strong activation of the new strategy<\/i>\n <\/li>\n<\/ol>\n

    \n Rod Little<\/span>, Edgewell’s President and Chief Executive Officer, said “Having spent the past year successfully stabilizing the business, I am excited to unveil the new growth strategy for Edgewell.\u00a0 This strategy reflects a robust balance of leveraging our best-in-class manufacturing, sourcing and formulation capabilities with a refreshed, digitally enabled, consumer centric approach to categories where our brands are positioned for growth.\u00a0 We will drive continuous improvement and cost efficiency across the business which will allow for meaningful investment in support of our strategy.\u00a0 We have built a foundation of strong brands in compelling categories, and we have the talent and capabilities to execute well and be successful. And finally, demonstrating our commitment to balanced capital allocation and return of cash to shareholders, we are pleased to announce the initiation of a quarterly dividend.” <\/p>\n

    \n Long-Term Financial Algorithm
    <\/b>Edgewell expects that execution against its strategy will create sustainable long-term organic net sales and earnings per share growth while generating significant free cash flow. As part of today’s event, management will provide greater details on a long-term financial algorithm which includes:<\/p>\n