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Abbott nutritionals

This article was originally published in The Tan Sheet

Executive Summary

Firm's Ross division experienced double-digit growth in both pediatric and adult nutritional segments, with overall sales increasing 8.7% to $520 mil. in the second quarter. Abbott's infant formula business grew 12% on the strength of Similac Advance, while adult nutritionals were boosted by strong incremental sales of ZonePerfect and 20% growth in the Glucerna line. The firm expects the division to grow in the high single-digits in the second half of 2004. Abbott reported overall worldwide sales of $4.7 bil., up 14% over the prior-year period...
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