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.”
Survey uncovers food economizing among Type 2 diabetes population
LONDON Results of a Pan-European survey announced Tuesday have revealed alarming new information regarding the eating habits of people with Type 2 diabetes. The survey indicated that the economic crisis is affecting the ability of people with Type 2 diabetes to manage their disease.
According to the American Medical Association Guide to Living with Diabetes, effective diabetes management includes choosing a series of small but frequent well-balanced meals spread across the day, to ensure that blood glucose is kept at optimum levels.
Twenty-six percent of respondents stated they have only one main meal a day and fewer than half (43%) were eating three or more meals a day. More than a third (37%) of respondents further stated that rising food prices and the “credit crunch” had affected their ability to balance their diet and had caused them to eat less.
The survey was undertaken to mark the introduction of the new LifeScan OneTouch VITA blood glucose meter with MealMemory technology, which allows people with diabetes to see the impact food has on their blood glucose levels. The survey had a sample of 1,410 respondents, and targeted people aged 60 and over with Type 2 diabetes across seven countries.
In response to these findings, LifeScan has launched an interactive Web site (http://www.lifescan.eu), which provides resources to help people with Type 2 diabetes understand and manage their disease more effectively
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