Playtex Suncare Inventory Management Aims To Stem Tide Of Returns
This article was originally published in The Rose Sheet
Executive Summary
Playtex Products will use historical consumption patterns for individual retailers in an attempt to better align Banana Boat suncare product shipments with consumer demand and reduce product returns
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Playtex Q1 results
Banana Boat sun care sales grew 6.5% to $53.8 mil. in first quarter due to effective pre-season sell-in and positive impact of the firm's ongoing initiative to improve sun care returns, Playtex reports in Q1 1sales and earnings release. Company launched Banana Boat Suntanicals SPF 8 and SPF 16 lotions and a three-SKU line of Baby Magic Sun Block by Banana Boat this year (2"The Rose Sheet" July 29, 2002, p. 5). Infant care sales fell 10.3% to $58.8 mil. compared to the year-ago period due in part to lower sales of baby wipes business, CEO Michael Gallagher tells analysts April 29. Consolidated sales were off 8.1% to $180.9 mil., while net earnings dropped 29.2% to $11.4 mil. compared with earnings of $16.1 mil. a year ago on an as-reported basis...
Playtex Q1 results
Banana Boat sun care sales grew 6.5% to $53.8 mil. in first quarter due to effective pre-season sell-in and positive impact of the firm's ongoing initiative to improve sun care returns, Playtex reports in Q1 1sales and earnings release. Company launched Banana Boat Suntanicals SPF 8 and SPF 16 lotions and a three-SKU line of Baby Magic Sun Block by Banana Boat this year (2"The Rose Sheet" July 29, 2002, p. 5). Infant care sales fell 10.3% to $58.8 mil. compared to the year-ago period due in part to lower sales of baby wipes business, CEO Michael Gallagher tells analysts April 29. Consolidated sales were off 8.1% to $180.9 mil., while net earnings dropped 29.2% to $11.4 mil. compared with earnings of $16.1 mil. a year ago on an as-reported basis...
Playtex Sun Care 5% Growth Anticipated In 2003
Playtex Products expects Banana Boat sun care sales to grow 5% in 2003, the company reported during its fourth quarter and year-end sales and earnings presentation Jan. 28