Gillette Q3
This article was originally published in The Rose Sheet
Executive Summary
Strong performance of blade and razor division, Duracell battery brand led 17.5% growth in net income to $416 mil. in the third quarter, firm reports Nov. 4. Net sales were up 10.9% to $2.4 bil. Blade and razor sales jumped 17% to $1 bil., driven by Mach3Turbo, Sensor3 and Venus. Personal care sales grew 10% to $236 mil. Advertising blitz supporting both new and existing razors thwarted competition from Energizer, which launched Schick Quattro four-blade men's shaver in September, Gillette claims. The company filed a patent infringement suit against Energizer in August alleging Quattro uses Gillette's proprietary blade technology. A judge heard Gillette's request for a preliminary injunction against Schick Nov. 5-7 in Boston federal court, is expected to issue ruling within the next few weeks...