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Good morning, Olivia.
I think, we look at the consumer product landscape the same way, we share sort of a deep belief that we have to put the consumer first and we're really excited about the opportunity that this unlocks for us to have more (ph) impact over time.So this is a unique combination, it enhances our financial profile and our combined Company growth profile and margin structure compare very favorably versus the CPG average, with a mid-single digit growth on the top-line and high 40s gross margin expected over the next few years.We continue to scale up our efforts, driving productivity gains across manufacturing and more broadly, SG&A, while also realizing increased trade spend productivity and reduced non-working dollars.
We do that because we're able to test lots of different messages in the world, get data really quickly, drive people to our direct-to-consumer experience, engage them, have a deeper connections with them and we know that impacts our direct-to-consumer business, we generate revenue there. So first, can you maybe expand a bit on, there's a lot of change going on in the organization, this deal is obviously quite large, the ongoing Project Fuel program which involves culling of the employee base, there is a process ongoing to divest two of your struggling businesses.
We built brands that are focused on consumers needs and that address real pain points. So, how do you defend that? I know you have talked about this a little bit, but what do you think you can do Harry's that they couldn't do on there on?
We understand that and we'll watch it very closely.And with that, I'd like to hand the call back over to Rod.The adjusted effective tax rate for the first half of fiscal 2019 was 24.9%, which was comparable to the prior year period.
Edgewell Personal Care Brands, LLC has 9800 total employees across all of its locations and generates $3.50 billion in sales (USD).
And we estimate one-time pre-tax charges to be approximately $130 million to $140 million, with an additional capital investment of $60 million to $70 million through the end of 2021 fiscal year.While the shave market has definitely had its challenges, we have proven that we can innovate and take share.
So on the EBITDA question, we're not going to disclose that at this point. Operator, next question please.Yes. I'm personally really excited to be here this morning and to be joining you and the rest of the team and I know the entire Harry's team is really excited as well. On a global basis, we estimate our share was down 70 basis points.Rod and Andy and Jeff have provided the key commercial insights and opportunities that underpin our revenue synergy outlook. And so, hopefully that makes our overall marketing spend just more impactful moving forward.First, I remain excited about the latent health and strength of our brands and the right to win with these brands, when seamlessly activated with consumers.
All participants will be in a listen-only mode.
GAAP diluted net earnings per share were $0.89 as compared to $1.20 in the prior year period, and adjusted earnings per share were $1.13 compared to $1.31 in the prior year period.
And we estimate that fiscal 2019 free cash flow will be above 100% of GAAP net earnings.So, I've mentioned our new leadership team.
Bulldog worked very well with the founders, they brought a lot of new insights and thinking that shaped our transformation plan.