Schering-Plough
This article was originally published in The Rose Sheet
Executive Summary
Sun care sales dropped 6% to $82 mil. in first quarter "due to timing issues," Coppertone marketer tells investors during conference call April 17. Foot care revenue fell 13% to $79 mil. as a result of heightened competition; sole bright spot in consumer health was OTC sales, which jumped 31% to $56 mil. Net sales were $2.32 bil. in quarter, down 3% from year-ago period (down 1% excluding exchange); net income fell 10% to $564 mil