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Prestige Brands earnings

This article was originally published in The Tan Sheet

Executive Summary

The weak cough/cold season and industry's voluntary removal of some pediatric cough/cold products contributed to a 1 percent drop in Prestige Brands Holdings' third-quarter revenues to $45.1 million compared to the prior-year period, the consumer products firm says Feb. 8. Prestige Brands also notes "competitive pressures on the Doctor's NightGuard dental protector" contributed to the decline. However, strong sales of the Murine brand and Clear Eyes helped soften the cough/cold revenue losses. Despite these problems, the company's overall third-quarter revenue is slightly ahead of the previous year's by $100,000 for a total of $80.2 million in the quarter...
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