P&G posts strong quarterly growth
CINCINNATI P&G announced on Tuesday that it posted its 24th consecutive quarter of top-line growth at or above the company’s targets as it completed the integration of Gillette.
“We’re leading innovations across the brand portfolio, building value for consumers and customers which is critical to delivering good results in a difficult economic environment,” stated A.G. Lafley, chairman and chief executive officer. “The strength of the portfolio and our focus on innovation and productivity give us confidence that we will continue to deliver sustained growth in the coming year and beyond.”
Beauty net sales rose 11 percent to $5 billion, as net earnings were flat at $569 million. Cosmetics volume grew high-single digits behind the CoverGirl Lash Blast mascara initiative, while skin care volume grew mid-single digits behind strong growth in developing regions. Hair care volume grew low-single digits as strong growth on Head & Shoulders, Rejoice and Nice ‘n Easy were partially offset by declines in professional hair and on Pantene in North America.
Grooming net sales were up 12 percent to $2.1 billion for the quarter, as net earnings increased 31 percent to $396 million. Earnings grew behind sales growth, lower overhead spending as a percentage of net sales and high base period marketing spending to support the Fusion expansion. Volume in blades and razors grew low-single digits as double-digit growth in developing regions behind the geographic expansion of Fusion was partially offset by lower shipments in developed regions. Fusion volume grew more than 30 percent globally in the quarter versus the prior year period. Volume for Braun was down low-single digits as strong growth in developing regions was more than offset by the exists of the U.S. home appliance business and Tassimo coffee appliance business.
Koide appointed ceo of The Natural Dentist
MEDFORD, Mass. The Natural Dentist, a maker of all-natural oral care products, has appointed Mark Koide as chief executive officer. Koide succeeds Nancy Rosenzweig, who led the privately held company for three years.
Koide, who has more than 15 years of experience in consumer packaged goods, most recently served a global president of the Seeds of Change division of Mars Inc. Before that he was an executive with Groupe Danone and Pepperidge Farms/Campbell Soup Company. Koide was a co-founder of Walnut Acres, an organic food startup that was sold to The Hain Celestial Group in 2003.
“We believe Mark’s expertise and proven success in creating and building brands will propel The Natural Dentist to its next stage of growth, capitalizing on the tremendous opportunities that lie ahead for natural oral care,” stated Dr. Roger Wyse, chairman of the board.
DenTek introduces cream to relieve jaw pain
MARYVILLE, Tenn. Oral care company DenTek has announced the launch of Jaw Pain Relief cream, a topical cream that is formulated to treat jaw joint and muscle pain.
The cream acts as a counterirritant by creating a warming sensation at the point of pain, providing a distraction that redirects the brain to focus on the alternative sensation versus the actual point of pain.
The product is part of a growing line of jaw pain management solutions from DenTek that includes DenTek Nightguard and DenTek Comfort-Fit Nightguard. These products address the related issues of teeth grinding, clenching and jaw pain.
The American Dental Association estimates that 45 million Americans suffer from jaw pain. The causes vary but can be a result of Temporomandibular Joint Disorders, teeth grinding, sleep disorders and stress. Besides pain, symptoms may include jaw clicking and/or locking, difficulty chewing, difficulty speaking or malocclusion. Jaw pain can also lead to ear, neck and shoulder pain.