Chattem
This article was originally published in The Rose Sheet
Executive Summary
Phisoderm body wash and acne masque will debut in 2002 to fuel firm's acne cleanser business and boost flagging skin care sales, Chattem announces. Chattanooga, Tenn.-based marketer reports double-digit sales declines in skin care division in the fiscal third quarter ended Aug. 31. Declines partially were offset by resurgence in firm's Gold Bond business, which registered 8%, 18% and 10% increases in adult powder, foot powder and cream products, respectively, according to the company. Gold Bond Foot Spray will be added to line in 2002. Third quarter net sales decrease of 32.2% to $49.6 mil. also reflects sale of Ban antiperspirants and deodorants, which generated $21.5 mil. in the year-ago period, Chattem notes. Net income, including extraordinary loss on early extinguishment of debt, down 60% to $2.1 mil. in the third quarter