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Reckitt Benckiser's Schiff Nutrition Unit Posts Strong Sales Growth In Second Quarter Of FY2013

July 31, 2013: 12:00 AM EST
Schiff Nutrition International, which Reckitt Benckiser acquired for about $1.3 billion in 2012, reported 4 percent like-for-like growth for the second quarter of fiscal year 2013. Schiff’s health business division posted the highest growth rate at 16 percent, followed by hygiene with 5 percent, and home at 3 percent. Food and pharmaceutical divisions, however, posted negative growth rates of -2 percent and -12 percent, respectively. All markets remained strong for Schiff Nutrition, with North America and Europe posting 3 percent growth; however, Latin America and Asia-Pacific reported far stronger growth rates at 11 percent each.
Stephen DANIELLS , "Reckitt Benckiser: Schiff results ‘confirm that we have acquired very high quality brands in an exciting VMS category’", Nutra-ingredients-USA, July 31, 2013, © William Reed Business Media SAS
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