J&J’s Gorsky Promises Prioritization Of OTC Business

Johnson & Johnson’s Q2 was another quarter of flat consumer products growth, with the return of some OTCs to market delayed until 2013. In his quarterly earnings call debut, CEO Alex Gorsky emphasized the firm’s commitment to diversification and restoring the supply of OTC products.

Johnson & Johnson’s consumer products business clocked another quarter of flat sales growth on an operational basis, prompting CEO Alex Gorsky to stress patience while saying he has prioritized the return of recalled OTC brands to the marketplace.

J&J reported worldwide consumer sales of $3.62 billion in the second quarter, up 0.6% operationally but down 5.2% with the...

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