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GILLETTE FIRST QUARTER BLADES/RAZORS SALES GAIN 11.2% TO $488.3 MIL

This article was originally published in The Rose Sheet

Executive Summary

GILLETTE FIRST QUARTER BLADES/RAZORS SALES GAIN 11.2% TO $488.3 MIL worldwide, and profit from operations for the segment increased 11.2% to $188.8 mil., the company said at an April 21 securities analysts meeting. The growth was primarily in North America, where both sales and profit from operations for the category rose 20%. In Europe, sales dropped 3% due to unfavorable exchange rates, Gillette noted, adding that excluding the effect of the exchange rates, sales would have grown 4%. Profit from operations in Europe increased 2%. Blades and razors, Gillette's largest segment, generated 35.9% of total sales and contributed to the company's strong overall performance, Gillette said.
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