Chattem
This article was originally published in The Rose Sheet
Executive Summary
Sales of firm's Bull Frog sun care line soared 92% in the third quarter, driven by "increased distribution and display programs and reduced returns," Chattem reports Sept. 17. Selsun blue sales were up 6%, and domestic factory shipments have grown from approximately $20 mil. in 2001 to a projected $34 mil. this year, Chattem states. Bull Frog, Selsun blue, Gold Bond, Icy Hot, Aspercreme and Pamprin led a 12% sales increase to $66.1 mil. in the quarter, which was offset by a 41% decline in Dexatrim sales. Operating income excluding charges related to settlement of litigation concerning Dexatrim with phenylpropanolamine (PPA) was $16.8 mil., up 6%, and net income excluding litigation settlement charges advanced 36% to $9.3 mil. Firm also announces it will introduce a number of new products under Bull Frog, pHisoderm and Gold Bond brands...