Consumer Staples
Household & Personal Products
$20.16B
8K
Key insights and themes extracted from this filing
Net sales decreased from $1,990 million to $1,686 million due to the impact of retail inventory restoration following the August 2023 cyberattack and divestitures of the Better Health VMS and Argentina businesses. This indicates a significant disruption to the company's revenue stream.
Gross margin increased from 43.5% to 43.8%, driven by cost savings and the benefits from the divestitures of the Better Health VMS and Argentina businesses, partially offset by lower volume and higher manufacturing and logistics costs. This suggests improved profitability despite lower sales.
Diluted EPS increased from $0.75 to $1.54, primarily due to the pension settlement charge and cyberattack expenses in the prior period, and the benefits of cyberattack insurance recoveries and cost savings in the current period, partially offset by lower net sales. This shows a strong recovery in profitability.