Allergan
This article was originally published in The Tan Sheet
Executive Summary
Eye care company's net sales increased 10% to $381.6 mil. for the third quarter ended Sept. 29. The firm's contact lens care product line, including Consept F brand, Complete lens care solution and Refresh contact drops, recorded sales of $84.1 mil. for the quarter, an 8.4% decrease from the year-ago period. Net sales for Complete brand lens solutions increased 29.8% to $33.5 mil. Contact lens care sales fell 6.6% to $245 mil. in the nine months. Despite the decline in lens care products, the company's overall net sales for the nine months increased 13.3% to $1.2 bil