Sales rose 1.6% to $16.43 billion in the quarter ended July 29, beating analysts' estimates of $16.30 billion. Same-store sales rose 1.3%, also more than analysts had expected. Comparable digital sales surged 32%.
A trend toward “premiumization” and building momentum for more naturally positioned offerings, as well as growing awareness of dental hygiene and the rising prevalence of cavities, drove the $27 billion global oral care market in 2016.
Consumers are starting to see the light after years of ignoring warnings that sun exposure poses a health risk and hastens aging, with overall category sales rising 6.7% for the 52-week period ended May 14 across multi-outlets, according to IRI.