Reckitt Benckiser posts Q2 results
SLOUGH, England — Second-quarter net revenue increased to 2.34 billion pounds ($3.83 billion) for Reckitt Benckiser, the company announced in an earnings statement Monday.
The company attributed its increases to growth in developing markets. For the quarter, RB said net revenue increased by 13% and 5% on a like-for-like basis. LFL growth excludes the impact of changes in exchange rates, major acquisitions and disposals, RB noted.
"Growth in the base business was driven in particular by an excellent result in developing markets, and was boosted by innovations, such as the continued rollout of the Dettol no-touch hand soap system into new markets, as well as a significant level of investment in media and promotional spend," Reckitt Benckiser CEO Bart Becht said.
The company said that it fears that its heroin dependency treatment Suboxone will lose its patent protection in the United States, thus opening up the market for generic competition.
"At the end of June 2011, the Suboxone film had captured a 41% volume share of the U.S. market: as a result, Suboxone tablets in the U.S. now represent less than 50% of total RBP net revenue," Becht noted.
The company added that it expects to achieve an increase of 12% for its full-year revenues.
The Greek Gods taps Dean Karnazes as spokesman
MELVILLE, N.Y. — Yogurt brand The Greek Gods announced that it has brought on a new spokesman.
"Ultra-marathon man" Dean Karnazes will represent the brand and promote its wellness benefits and great taste, the company said. Karnazes, an athlete, best-selling author and one of Time magazine’s "Top 100 Most Influential People in the World," said he is a big fan of the whole-milk yogurt’s "taste, texture and nutritional benefits."
"We’re delighted to welcome Dean Karnazes as our spokesperson," The Greek Gods brand manager Basel Nassar said. "Dean very publicly shares his enthusiasm for The Greek Gods Yogurt with athletes and those who aspire to fitness and health through good nutrition; he’s a natural fit."
The Greek Gods yogurt is a brand of the Hain Celestial Group.
Hostess adds indulgent devil’s food flavor to Donettes line
IRVING, Texas — Hostess has added a chocolate-frosted treat to its Donettes line.
New frosted devil’s food cake Donettes are mini donuts that are dipped in a chocolate-flavored coating and now are available at stores nationwide.
Hostess said its latest Donettes treats can be enjoyed in four convenient sizes, including 10.5-oz. Dunkie bags, 11.25-oz. Dunkie bags, 12.2-oz. Sweet Sixteen Dunkie bags and 3-oz. single-serve sleeves.