Bayer
This article was originally published in The Tan Sheet
Executive Summary
Combined Bayer aspirin, Aleve and Midol sales make firm second-largest analgesic marketer in U.S. and One-A-Day Specialized Blends is top branded herbal product, company tells analysts March 20. Global Consumer Care division sales rose 14.3% to $1.78 bil. in 2000, of which almost half came from North America, Bayer says. Consumer Care growth driven by increased sales of Alka-Seltzer, Bayer aspirin, Phillips' Milk of Magnesia and launch of Aleve Cold & Sinus. PPA-related recall of Alka-Seltzer Plus caused $53.7 mil. charge, in line with expectations (1"The Tan Sheet" Dec. 4, 2000, In Brief). Total worldwide sales grew 13.4% to $28.65 bil. as net income dipped 9.3% to $1.68 bil
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Combined Bayer aspirin, Aleve and Midol sales make firm second-largest analgesic marketer in U.S. and One-A-Day Specialized Blends is top branded herbal product, company tells analysts March 20. Global Consumer Care division sales rose 14.3% to $1.78 bil. in 2000, of which almost half came from North America, Bayer says. Consumer Care growth driven by increased sales of Alka-Seltzer, Bayer aspirin, Phillips' Milk of Magnesia and launch of Aleve Cold & Sinus. PPA-related recall of Alka-Seltzer Plus caused $53.7 mil. charge, in line with expectations (1 (Also see "Alka-Seltzer Plus" - Pink Sheet, 4 Dec, 2000.)). Total worldwide sales grew 13.4% to $28.65 bil. as net income dipped 9.3% to $1.68 bil. |