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This article was originally published in The Tan Sheet

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Executive Summary

Sun care sales of $52.2 mil. are flat in first quarter, but future looks good due to market positioning, CEO Michael Gallagher assures analysts during call April 19. Banana Boat commands 22% market share and number two category position, he adds. Consolidated sales were down 1.2% to $220.8 mil., net earnings dropped 16.3% due to difficult economic conditions and competition - factors expected to impede growth through first half of year

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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