C&D posts 9.1% sales increase for 2008, outlines plans for 2009
PRINCETON, N.J. Church & Dwight on Thursday outlined its plans for 2009, after posting a 2008 sales increase of 9.1% to $2.4 billion for the period ended Dec. 31, 2008.
“We are very proud of the business results and strategic initiatives that we accomplished in 2008,” noted James Craigie, C&D chairman and CEO. “We delivered solid organic sales growth, increased gross margin and generated record free cash flow. In addition, we acquired the net assets of the Del Pharmaceuticals’ over-the-counter businesses from Coty, began the construction of a new integrated laundry detergent manufacturing plant and distribution center in York County, Pa., and completed the roll-out of concentrated liquid laundry detergent,” he said. “We will continue to introduce a steady pipeline of new and improved products in 2009. New and improved products were a key driver of our strong organic growth in 2008.”
Going forward in the family planning arena, for example, C&D is launching two new Trojan products — Trojan 2 Go, which contains two condoms in a pocket-sized card to make it easier to discreetly carry condoms, and Trojan Ecstasy, which features a unique comfort shape and UltraSmooth lubricant.
“While we were able to deliver record performance in 2008, there is a great deal of uncertainty regarding the economic environment in 2009,” Craigie added. “We are prudently planning for further deterioration in consumer spending, and we expect that this will impact some of our categories. These market conditions are being exacerbated by actions by some retailers to increase shelf space in support of their private-label brands. Accordingly, we are projecting organic revenue growth to be approximately 2% in 2009.”
CVS/pharmacy promotes awareness of heart disease for American Heart Health Month
WOONSOCKET, R.I. In recognition of American Heart Health Month, CVS/pharmacy will be educating patients about heart health and preventing heart disease, as well as offering money-saving specials on many heart health-related products in February.
“The term ‘heart disease’ covers a long list of conditions related to the function of the heart, so it is important for patients to educate themselves on heart disease prevention and treatment,” stated Troyen Brennan, M.D., M.P.H., EPV and CMO for CVS Caremark. “We encourage our patients to speak to their pharmacist about medication therapies, prescription or over-the-counter, that they are taking related to their heart health, and to visit one of our in-store MinuteClinic locations for a health screening.”
In collaboration with The Heart Truth, a national awareness campaign about heart disease sponsored by the National Heart, Lung and Blood Institute, CVS/pharmacy has created a free educational resource booklet. The booklet, titled “Your Smart Guide to a Healthy Heart,” is available at all CVS stores nationwide. In addition to information on heart disease symptoms, risk factors and healthy lifestyle tips, the booklet features money-saving offers through the CVS ExtraCare loyalty card program on OTC medications, healthy food items and diabetes monitoring products.
In addition to these resources, CVS pharmacists are available to counsel patients. There are also about 500 CVS stores that have MinuteClinic retail-based health care clinics where nurse practitioners are available to check patients’ blood pressure and cholesterol levels.
Survey reveals preference for fish oil supplements, multivitamins
WHITE PLAINS, N.Y Among people who use dietary supplements, fish oil supplements are nearly as popular as multivitamins, according to a recent survey released Tuesday by ConsumerLab.com, which also publishes test reports on supplements.
The survey is based on responses collected in November from 6,000 supplement users who receive the company’s e-newsletter.
“We conduct the annual survey to help direct our lab testing toward products of greatest interest to our subscribers; but the survey also yields unparalleled insight into the preferences of people who use supplements and nutritional products,” stated Tod Cooperman, president of ConsumerLab.com.
Among the survey’s key findings:
• Multivitamins were used by 73.8% of all respondents, followed in popularity by fish oil (71.6%), calcium (55.3%) and CoQ10 (50.9%) supplements. Among people using 10 or more supplements each day, use of fish oil (84.8%) exceeded that of multivitamins (75.5%), and use of CoQ10 (78.9%) exceeded that of calcium (67.6%).
• Use of most supplements increased with age, while use of multivitamins declined slightly. Dramatic increases with age were seen with vitamin D (use increased from 21% among those under age 35 to 47.4% among those 65 years and older) and CoQ10 (use increased from 28.8% to 60.1% for the two age groups, respectively).
Ratings were given for 1,087 brands and 380 merchants. Of the brands and merchants that received at least 100 consumer ratings, the following received the highest overall satisfaction ratings within their market segments.
Top-rated Supplement Brands:• Catalogue/Internet Brand: Puritan’s Pride• Direct Selling (MLM) Brand: Nutrilite• Discount/Warehouse Brand: Member’s Mark (Sam’s Club)• Grocery Store Brand: Equate (Albertson’s)• Healthcare Practitioner Brand: Pure Encapsulations• Health Food Store Brand: Barlean’s• Mass Market Brand: Nature Made• Pharmacy Brand: CVS• Vitamin Store Brand: Vitamin World
Top-rated Supplement Merchants: • Catalogue/Internet: Puritan’s Pride • Direct Sales (MLM): Nutrilite • Grocery Store: Trader Joe’s • Mass Market: Target • Online Retailer: iherb.com • Pharmacy: Walgreens • Vitamin Store: Vitamin World • Warehouse Store: Costco