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Declining Consumer Sales “Weak Spot” In J&J’s Otherwise Solid Q1

This article was originally published in The Tan Sheet

Executive Summary

Worldwide consumer sales for the period fell 3.2% to $3.6 billion, compared with the same period last year, while overall sales for the company climbed 3.5% to $18.1 billion, J&J announced April 14. Analysts say the weaker-than-expected results raise questions about the firm’s progress in turning around the consumer division following quality-control problems and ongoing remediation efforts under a 2011 consent decree.


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