J&J results
This article was originally published in The Tan Sheet
Executive Summary
Worldwide consumer health sales grew 9.9% to $2 bil. in the third quarter, with U.S. sales up 4% to roughly $1 bil. and international sales up 16.8% to $1 bil., J&J reports in an Oct. 12 earnings call. The firm cited Neutrogena skin care products as well its wound care business as strong contributors. Domestic sales were affected by the divestiture of the Splenda business, while international results included a continued impact from the acquisition of Merck's stake in the firms' joint European nonprescription business (1"The Tan Sheet" April 26, 2004. p. 6). McNeil's sales growth of 13% was primarily attributable to international sales...