Pink Sheet is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Novartis takes hit from private label

This article was originally published in The Tan Sheet

Executive Summary

A shift in U.S. consumer spending toward private label products stymied Novartis Consumer Healthcare's sales in its fiscal 2008 second quarter, the Swiss company says July 17. However, "emerging markets and strategic brands helped OTC offset lower sales in the U.S" so the division still pulled in $1.5 billion in net sales, a 15 percent increase in the U.S., or a 3 percent increase in local currency, compared to the year-ago period, Novartis says. Despite a tough quarter for consumer sales, net sales for the firm grew ahead of expectations to $10.7 billion - a 14 percent increase in U.S. dollars, or 5 percent in local currencies, primarily attributed to Novartis' pharmaceutical division overcoming the impact of 2007 challenges in U.S. vaccines and diagnostics, the firm says. Novartis' bad news comes as private labeler Perrigo reports expansion plans and expects a boost from consumers using less expensive store brand products (1"The Tan Sheet" July 14, 2008, p. 3)...
Advertisement

Related Content

Perrigo Reaches Record As Retailers, Consumers Turn More To Store Brands
Perrigo Reaches Record As Retailers, Consumers Turn More To Store Brands

Topics

Advertisement
UsernamePublicRestriction

Register

PS101895

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel