Johnson and Johnson reports consumer sales growth in second quarter of 2017

Consumer Healthcare News

Johnson and Johnson has reported a strong performance during the second quarter of 2017, with consumer products cited as a driver of growth.

The company's overall sales total for the quarter came to $18.8 billion (14.52 billion pounds), representing a year-on-year increase of 1.9 percent.

“Johnson and Johnson has seen an increase in consumer product sales during a strong second quarter for the company.“

During the period, its consumer sales came to $3.5 billion, which was 1.7 percent higher than the corresponding figure from Q2 2016. US sales increased by 7.4 percent, which helped to offset an international sales dip of 2.2 percent.

Baby care products experienced a dip in demand, but this was compensated for by stronger sales of US over-the-counter products and the Neutrogena beauty range.

Based on these encouraging second-quarter results, the company has increased its sales guidance for the full year, and now expects to generate between $75.8 billion and $76.1 billion for the 12 months.

Alex Gorsky, chairman and chief executive officer of Johnson and Johnson, said: "Our second-quarter results reflect strong adjusted earnings growth and we are optimistic that the investments we are making will accelerate our sales growth in the second half of this year."

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