Prestige profit falls 6 percent
-
- February
- 8
Weak sales of cough and cold medicines drove profit at Prestige Brands Holdings Inc. of Irvington down 6 percent to $8.4 million, or 17 cents a share, in the quarter that ended in December, the company reported this morning.
Revenues were essentially flat at $80.2 million, compared with $80.1 million a year earlier.
The company, which markets an eclectic mix of consumer products, including Comet cleansers, Murine eye drops and SprayGel Mildew Stain Remover, said operating income for its fiscal third quarter was $22.9 million, a drop of $1.6 million, or 7 percent, from a year earlier.
The company last October joined other marketers of certain cough and cold medicines for young children in removing the products from the shelves. The product withdrawals came amid concerns that the medicines do not work and can have risky side effects.
Prestige shares closed at $8.02 yesterday, up 42 cents.
This entry was posted
on Friday, February 8th, 2008 at 9:32 am by Allan Drury.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: 
| 
Print
| 
Email
