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Chattem Q2

This article was originally published in The Rose Sheet

Executive Summary

Selsun Blue, Gold Bond and Icy Hot contribute to 10% increase in revenues in the fiscal second quarter to $70.1 mil. including royalties, the firm reports June 18. Sales of Selsun Blue jumped 12% in the quarter over the year ago period due to a strong marketing campaign and initial shipments of a new conditioner, while net sales of Gold Bond grew 32%, led by a double-digit increase from the lotion, cream and foot segments, Chattem says. Strong results of some brands were offset by a 55% year-over-year decline in sales of Dexatrim diet pills. Operating income excluding settlement charges related to Dexatrim litigation rose 16% to $19.8 mil., while net income excluding settlement charges and charges related to debt extinguishment soared 41% to $10.6 mil...
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