Edgewell Personal Care (EPC), the maker of personal care products like Schick shaving razors and Banana Boat sunscreen, reported mixed second quarter results, missing on revenue estimates attributed to consumer spending pullbacks

Edgewell Personal Care CFO and president of Europe and Latin America Dan Sullivan sits down with Brad Smith on Wealth! to discuss the earnings results and the performance of its various consumer product segments.

"What's important to note for our business is we operate in largely non-discretionary categories. We are, for the most part, in the middle of the price tier. So we're certainly not at the at the top of the price tier. And we're non-discretionary right in use for the most part," Sullivan explains. "And so I think there's a little bit of protection around our business just by the nature of the categories in which we compete. And even a category like suncare, where you might think about some consumer sentiment, could bleed into behavior."

Sullivan has been promoted to the COO position effective immediately while overseeing his chief financial officer duties until December 1.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Luke Carberry Mogan.