Chattem Q2
This article was originally published in The Rose Sheet
Executive Summary
Selsun Blue sales advanced 57% and Gold Bond revenues rose 11% in the second quarter (ended May 31), Chattem reports June 19. Sales for the dandruff shampoo reflect the fact the brand was owned by Chattem for two of the three months in the corresponding 2002 quarter as well as strong advertising and increased distribution, according to the firm. Gold Bond sales were driven by the shipment of three new products and continued strength of the foot care portion of the business, Chattem says. Overall company sales increased 8% to $63.6 mil. in Q2 and income before an accounting change gained 33% to $7.5 mil...