Physicians Formula posts double-digit Q1 sales gains
AZUSA, Calif. Physicians Formula posted double-digit sales gains for the first quarter, reflecting solid sales of its new Mineral Wear and Organic wear lines.
Sales for the quarter ended March 31 totaled $42.7 million, up 19.6 percent from $35.7 million in the year-ago period. Net income totaled $5 million, or 34 cents per share, compared with $4.3 million, or 30 cents per share, in the year-ago period.
“We are very pleased with our strong first quarter net sales, which reflect the demand by our retail partners for existing products as well as the new products that form the foundation of the company’s 2008 strategic initiatives. These include our new Organic wear line,” stated Ingrid Jackel, chairwoman and chief executive officer of Physicians Formula. “Late in the quarter, we began our advertising, promotion and public relations activities to support our new products initiatives and we remain optimistic about their consumer appeal.”
The company reiterated its full-year 2008 outlook and continues to expect net sales of between $123 million and $125 million, representing and increase of between 10 percent and 12 percent over 2007. Net income per diluted common share is expected to be between 65 cents and 69 cents, representing an increase between 8 percent and 15 percent over 2007.
P&G sues J&J, McNeil for patent infringement
CINCINNATI Procter & Gamble, the maker of Crest Whitestrips, is suing Johnson & Johnson and McNeil-PPC, the maker and distributor of Listerine Whitening Quick Dissolving Strips, for patent infringement.
According to suit, filed in the United States District Court for the Western District of Wisconsin, P&G alleges that the Listerine Whitening Quick Dissolving Strips infringe key P&G patents related to the tooth whitening active ingredient and delivery systems.
The lawsuit seeks to stop J&J and McNeil-PPC from making, selling and importing any products that infringe P&G’s patents on tooth-whitening products. It also seeks to recover damages.
“P&G invests heavily in R&D to provide consumers with leading products. This technology and its intellectual property are important assets of the company,” stated Steve Jemison, P&G chief legal officer. “We must protect our intellectual property.”
Kao introduces three Curel products for aging
CINCINNATI Kao Brands has announced the launch of its new Life’s Stages collection from Curel Skincare, the first and only line of moisturizers designed to help women address the changing needs of their skin.
The new collection includes Curel nurturing comfort Moisture Cream for pregnancy and motherhood. The product helps improve skin’s elasticity and alleviates dryness throughout pregnancy and beyond. The paraben-free and mineral oil-free formula promises to increase elasticity 70 percent better than the leading pregnancy cream, according to the company.
To help women battle the first signs of aging there’s the new Curel youth-defense Moisture Lotion. Via a blend of skin hydrators, vitamins C and E and collagen, the formula is designed to replenish essential building blocks found in naturally young, health skin and increases skin’s moisture level. It is clinically proven to provide healthier looking and feeling skin in one week.
There’s also Curel skin fortifying Moisture Lotion for menopause and beyond. During menopause, skin can become dry and itchy, lose elasticity and become fragile so the formula helps maintain skin’s elasticity.
The products are priced at $7.49 each.