In Brief: Playtex
This article was originally published in The Rose Sheet
Executive Summary
Playtex: Sales of sun and skin care products, primarily the Banana Boat line, grew by 28% in the first fiscal quarter of 1995 (ended April 1), fueling the company's 7.9% first quarter sales gain to $132.8 mil. Playtex' first quarter performance also benefited from a 23% sales gain by the company's infant care products. Sales of the company's tampon lines, including Playtex and Ultimates tampons, slipped 6% due to "an unusually strong quarter in the prior year and a higher level of competitive activity" in the quarter, Playtex reported. Net earnings declined 32% to $3.8 mil., reflecting the combination of lower operating earnings and higher interest costs versus the first quarter of 1994, the company explained...
|
Playtex: Sales of sun and skin care products, primarily the Banana Boat line, grew by 28% in the first fiscal quarter of 1995 (ended April 1), fueling the company's 7.9% first quarter sales gain to $132.8 mil. Playtex' first quarter performance also benefited from a 23% sales gain by the company's infant care products. Sales of the company's tampon lines, including Playtex and Ultimates tampons, slipped 6% due to "an unusually strong quarter in the prior year and a higher level of competitive activity" in the quarter, Playtex reported. Net earnings declined 32% to $3.8 mil., reflecting the combination of lower operating earnings and higher interest costs versus the first quarter of 1994, the company explained.... |