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Ross Products

This article was originally published in The Tan Sheet

Executive Summary

Abbott Labs nutritional division net sales up slight 1.5% to $511 mil. in Q2, feeling impact of "unusually high" promotional spending by competitors and accounting procedure change that reduced quarterly sales by 1%. Accounting adjustment change requiring coupons, rebates be reclassified from SG&A expenses to deduction from sales was implemented in Q4 and impacts comparisons to year-ago quarters, company notes (1"The Tan Sheet" Feb. 5, p. 14). Ross predicts "mid-single digit" sales growth for remainder of 2001. Firm says it will refer to recent infant formula study showing Similac with Iron promotes greater bone density than Mead Johnson's Enfamil with Iron in upcoming promotions
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