J&J results
This article was originally published in The Rose Sheet
Executive Summary
Adult skin and hair care business grew 14% in the third quarter, including approximately 1% positive currency impact, Johnson & Johnson says during Oct. 18 earnings call. In the U.S., "solid performances from our Neutrogena and RoC brands complemented by very strong results with Aveeno were major drivers of growth," firm notes, adding growth drivers outside the U.S. wereJohnson's adult products, Neutrogena and Clean & Clear anti-acne brand. Baby and kids' care sales grew 7%. Johnson's Bathtime Buddies led 3% revenue growth in the U.S., and Softlotion products and Bathtime Buddies drove 8% growth outside the U.S. Worldwide consumer product sales were $2.23 bil., up 10.2% including a positive currency impact of 1.7%, and U.S. sales in the segment increased 5.1% to $1.08 bil...