Energizer completes acquisition of feminine hygiene business from J&J Family of Consumer Cos.
ST. LOUIS — Energizer Holdings has announced the closing of the acquisition of the Stayfree pad, Carefree liner and o.b. tampon feminine hygiene brands in the United States, Canada and the Caribbean from McNeil PPC and Johnson & Johnson — members of the J&J Family of Consumer Cos. — for $185 million.
As previously reported by Drug Store News, included in the sale are all brand assets, and the Johnson & Johnson manufacturing plant in Montreal. Energizer estimates that the acquisition will be modestly accretive in fiscal 2014.
Colgate releases Q3 results
NEW YORK — Colgate-Palmolive announced on Thursday that during the third-quarter new product launches in the United States contributed to volume growth across categories, and market share gains were seen in such categories as manual toothbrushes, powered toothbrushes, mouthwash and body washes.
In toothpaste, the success of Colgate Optic White and Colgate Optic White Dual Action toothpastes helped drive market share for the Colgate Optic White brand to 5.5% year to date, up 0.6 share points versus year ago. The company also noted that strong sales of Colgate Total, Colgate Max Fresh Cool Scrub, Colgate Sensitive SmartFoam and Whitening and Tom’s of Maine toothpastes also contributed to volume growth during the quarter.
In manual toothbrushes, strong sales of Colgate 360 Optic White, Colgate 360 Total Advanced Floss Tip Bristles and Colgate Extra Clean manual toothbrushes helped drive market share in that category to a record 38.4% year to date. The company plans to build on this growth momentum with the recent U.S. launch of the new Colgate Slim Soft manual toothbrush, which will have advertising support beginning in the fourth quarter.
During the quarter, worldwide net sales were $4.4 billion, up 1.5% compared with the year-ago. Organic sales grew 6%.
Net income and diluted earnings per share were $656 million and 70 cents, respectively. This compares with net income and diluted earnings per share in the year-ago period of $654 million and 68 cents, respectively.
Revlon posts Q3 results
NEW YORK — Beauty company Revlon posted a decrease in third-quarter net sales in the United States partially due to lower sales of Revlon and Almay color cosmetics. However, executives remain optimistic as the recent acquisition of the Colomer Group represents a “significant, strategic step forward for the company.”
In the United States, net sales were $185.8 million, a decrease of 3.2% compared with the year-ago period. According to the company, the decrease was primarily driven by lower net sales of Revlon and Almay color cosmetics, partially offset by higher net sales of Revlon Colorsilk hair color.
Total net sales for the quarter were $339.4 million, a decrease of 2.2%. Excluding unfavorable foreign currency fluctuations of $11.4 million, net sales rose 1.1%.
Net income for the quarter ended Sept. 30 totaled $9.5 million, or 18 cents per diluted share, compared with a net loss of $15 million, or 29 cents per diluted share, in the year-ago period.
“Our net sales during the third quarter increased modestly year-over-year as we grew in each of our international regions, offsetting lower net sales in the United States. We maintained strong operating margins, which, in part, benefited from the execution of our 2012 restructuring plans. We will continue our intense focus on building our brands through innovative, high-quality new products, effective brand communication, appropriate levels of advertising and promotion, and superb execution in all aspects of our business,” stated Revlon vice chairman and interim CEO.
As previously reported earlier this month by Drug Store News, Kennedy is serving as interim CEO following the departure of CEO Alan Ennis to “pursue other interests.”
Earlier this month, the company completed its acquisition of the Colomer Group, including the Revlon Professional business, for a cash purchase price of $665 million. TCG is a beauty company that markets and sells professional products primarily to salons and other professional channels not served by Revlon. The acquisition expands Revlon’s geographic scope with about 50% of TCG’s net sales in Europe, Middle East and Africa, and roughly 40% in the United States.