Vita Coco introduces tropical fruit beverage
NEW YORK — Vita Coco has introduced its seventh flavor, which the company developed in collaboration with pop singer Rihanna.
Vita Coco tropical fruit is an all-natural blend of coconut water, pink guava, orange, red dragon fruit and pineapple, the company said. Vita Coco Tropical Fruit comes in a bright magenta Tetra Pak carton featuring Rihanna’s signature to mark the collaboration. Rihanna also is the face of Vita Coco’s advertising campaign, which was launched in June.
Vita Coco Tropical Fruit is available at retailers nationwide in a 17-fl.-oz./500-ml serving size for a suggested retail price of $2.79.
CDMA to host a product showcase for members in Philly
NOVI, Mich. — The Chain Drug Marketing Association recently announced that the debut of its “Make More Money Table Top Show” will take place in Philadelphia from Sept. 23 to 24. The show will provide CDMA-member regional drug chains, regional drug wholesalers and independent pharmacies an opportunity to preview table-top displays of CDMA’s hot items, with items from various categories, including seasonal, health-and-beauty and soft goods, among others.
This first-time event for the CDMA will be held in conjunction with the annual True Value Fall Market. The association also will be hosting a “Best of the Best” lunch on Sept. 23 and an “Idea Exchange” breakfast on Sept. 24.
CDMA has arranged an 11,000-sq.-ft. space to display selected products on behalf of suppliers. The show will showcase suppliers’ new product launches, promotional goods, counter-top displays, floor displays and clip strip opportunities. The designated area will include product samples, catalogs, sell sheets and order forms.
Procter & Gamble posts fourth-quarter results
CINCINNATI — Procter & Gamble announced on Friday double-digit growth in fourth-quarter net sales and earnings.
Net sales for the quarter rose 10% to $20.9 billion. Organic sales, which exclude the impact of acquisitions, divestitures and foreign exchange, grew 5% for the quarter.
Net earnings totaled $2.5 billion, or 84 cents per diluted share, compared with $2.2 billion, or 71 cents per diluted share, in the year-ago period.
In beauty, net sales rose 7% to $5.1 billion, on 1% volume growth. Organic volume, which excludes the net impact of Zest, Infasil and minor fragrance divestures, increased 2% and organic sales grew 3%. Volume growth was driven by high single-digit growth in developing regions, while volume in developed regions was down mid-single digits.
Volume in retail hair care grew low single digits behind initiative activity and distribution expansions in Asia, Latin America and Western Europe, partially offset by a double-digit decline in North America because of the Pantene restage in the base period, P&G said.
Volume in female beauty grew low single digits as Olay skin care distribution expansion in Asia and Central Eastern Europe Middle East and Africa (CEEMEA) was partially offset by a low single-digit decline in developed markets driven by the Zest and Infasil divestitures, competitive activity in North America cosmetics and decreased shipments in North America skin because of the Olay UV line reformulation.
In the grooming segment, net sales rose 7% to $2.1 billion on a 1% increase in volume. Organic sales increased 1%. Price increases added 2% to net sales growth behind blades and razors price increases across all regions and inflationary pricing in Latin America. Volume growth was driven by mid-single-digit growth in developing regions, which was partially offset by a mid-single-digit decline in developed regions.
Volume in male grooming increased low single digits, primarily due to growth of blades and razors in developing regions — particularly Latin America and Asia — partially offset by a decline in developed markets due to the base period impacts of the U.S. Fusion ProGlide launch, the company said.