v3.26.1
Segment Data (Tables)
6 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Sales and Profitability
Segment net sales and profitability are presented below:
 Three Months Ended
March 31,
Six Months Ended
March 31,
2026202520262025
Net Sales 
Wet Shave$294.1 $285.5 $585.4 $580.0 
Sun and Skin Care225.4 231.1 356.9 351.7 
Total net sales$519.5 $516.6 $942.3 $931.7 
Cost of Products Sold
Wet Shave$171.6 $151.5 $343.2 $317.7 
Sun and Skin Care119.4 123.5 202.2 197.7 
Total cost of products sold$291.0 $275.0 $545.4 $515.4 
Other operating expenses (1)
Wet Shave$88.8 $87.4 $166.3 $169.1 
Sun and Skin Care58.4 56.8 110.7 106.6 
Total other operating expenses$147.2 $144.2 $277.0 $275.7 
Segment Profit  
Wet Shave$33.7 $46.6 $75.9 $93.2 
Sun and Skin Care47.6 50.8 44.0 47.4 
Total segment profit$81.3 $97.4 $119.9 $140.6 
General corporate and other expenses (2)
$(25.6)$(25.0)$(49.7)$(45.9)
Amortization of intangibles(6.4)(6.4)(12.8)(12.8)
Interest and other expense, net (3)
(10.6)(18.2)(30.6)(39.3)
Restructuring and related charges (4)
(23.0)(11.8)(47.4)(15.9)
Acquisition and integration costs (5)
— — — (0.5)
Sun Care reformulation costs (6)
(1.7)(0.7)(2.7)(1.7)
Legal matters (7)
(4.7)— (5.7)— 
Gain on investment (8)
— — 1.5 0.9 
Commercial realignment (9)
— (3.1)— (3.1)
Other project and related costs (10)
(1.4)(0.8)(1.5)(3.6)
Income (loss) from continuing operations before income taxes$7.9 $31.4 $(29.0)$18.7 
(1)Includes SG&A, A&P and R&D costs, which are not regularly provided to the CODM by segment, but included within the measure of segment profit reviewed by the CODM.
(2)Includes indirect expenses for corporate overhead in both the three and six months ended March 31, 2026 and 2025 previously allocated to Feminine Care segment profit, which remain reported within continuing operations following the divestiture and are not reallocated to the Wet Shave or Sun and Skin Care segments.
(3)Includes $6.7 of pre-tax other income in both the three and six months ended March 31, 2026 for services provided under the TSA . Refer to Note 2 of Notes to Condensed Consolidated Financial Statements.
(4)The Company recorded $23.0 and $11.8 for the three months ended March 31, 2026 and 2025, respectively, and $47.4 and $15.9 for the six months ended March 31, 2026 and 2025, respectively, related to actions to strengthen its operating model and improve manufacturing and supply chain efficiency and productivity. Includes pre-tax SG&A of $0.3 and $0.8 for the three and six months ended March 31, 2026, respectively. Includes pre-tax Cost of products sold of $8.7 and $14.5 for the three and six months ended March 31, 2026, respectively, related to other associated disposal costs and accelerated depreciation of certain assets. See Note 3 of the Notes to Condensed Consolidated Financial Statements.
(5)Includes pre-tax SG&A of $0.5 for the six months ended March 31, 2025 for the acquisition of Billie, Inc. on November 29, 2021.
(6)Includes pre-tax research and development costs of $1.7 and $0.7 for the three months ended March 31, 2026 and 2025, respectively, and $2.7 and $1.7 for the six months ended March 31, 2026 and 2025, respectively, related to the reformulation, recall and destruction of certain Sun Care products.
(7)Includes pre-tax SG&A of $4.7 and $5.7 for the three and six months ended March 31, 2026, respectively, for charges related to legal matters.
(8)Includes pre-tax gain of $1.5 and $0.9 for the six months ended March 31, 2026 and 2025, respectively, on the fair value measurement of equity interests accounted for under the cost method.
(9)Includes pre-tax Cost of products sold of $3.1 during the three and six months ended March 31, 2025, related to a shift in go-to-market strategy and SKU rationalization.
(10)Includes pre-tax SG&A of $1.6 and $1.4 for the three months ended March 31, 2026 and 2025, respectively, and $2.2 and $2.4 for the six months ended March 31, 2026 and 2025, respectively, and Other (income) expense, net of $0.2 and $0.6 for the for the three months ended March 31, 2026 and 2025, respectively, and $0.7 and $1.2 for the six months ended March 31, 2026 and 2025, respectively, related to certain corporate project and other related costs.
Schedule of Sales by Geographic Area
The following table presents the Company’s net sales by geographic area:
Three Months Ended
March 31,
Six Months Ended
March 31,
2026202520262025
Net Sales to Customers
United States$266.2 $280.8 $458.1 $468.3 
International253.3 235.8 484.2 463.4 
Total net sales$519.5 $516.6 $942.3 $931.7 
Schedule of Depreciation Expense and Capital Spending by Segment
Depreciation expense and capital spending by segment were:
 Three Months Ended
March 31,
Six Months Ended
March 31,
2026202520262025
Depreciation and amortization expense 
Wet Shave$10.7 $10.5 $21.1 $20.0 
Sun and Skin Care1.9 3.0 3.4 4.8 
Corporate6.5 4.8 14.6 11.6 
Total depreciation and amortization expense (1)
$19.1 $18.3 $39.1 $36.4 
Capital expenditures 
Wet Shave$8.2 8.116.718.8
Sun and Skin Care5.0 7.4 7.7 12.1 
Total capital expenditures (2)
$13.2 $15.5 $24.4 $30.9 
(1) Nil and $1.3 of Depreciation and amortization expense of the Feminine Care business have been classified as (Loss) earnings from discontinued operations, net of tax for the three and six months ended March 31, 2026, respectively. $3.6 and $7.2 of Depreciation and amortization expense of the Feminine Care business have been classified as (Loss) earnings from discontinued operations, net of tax for the three and six months ended March 31, 2025, respectively. See Note 2, “Discontinued Operations” for additional information.
(2) $0.8 and $1.2 of capital expenditures of the Feminine Care business have been classified as (Loss) earnings from discontinued operations, net of tax for the three and six months ended March 31, 2026, respectively. $1.6 and $3.0 of capital expenditures of the Feminine Care business have been classified as (Loss) earnings from discontinued operations, net of tax for the three and six months ended March 31, 2025, respectively. See Note 2, “Discontinued Operations” for additional information.
Schedule of Supplemental Product Information
Supplemental product information is presented below for net sales:
Three Months Ended
March 31,
Six Months Ended
March 31,
 2026202520262025
Razors and blades$270.3 $259.0 $529.3 $526.4 
Sun care products154.4 164.2 211.6 211.6 
Grooming products52.5 48.8 109.8 101.8 
Wipes and other skin care18.5 18.1 35.5 38.3 
Shaving gels and creams23.8 26.5 56.1 53.6 
Total net sales$519.5 $516.6 $942.3 $931.7