GSK Sees Other Side Of Consumer Health Stockpiling Coin, Looks Ahead To Business Split

GSK reports pandemic-related stockpiling in 2020 combined with a weak cold and flu season in Q1 drove its consumer health sales down 9%, with the sharpest downturn in respiratory products sales. The firm expects in the second half of the year to see “more normal consumer trends.”

GlaxoSmithKline plc didn’t stop at reporting sales declines across nearly all consumer health product categories in its first-quarter results. The UK pharma also reminded analysts and investors that it’s on schedule for moving its consumer health segment to a separate business.

Against an unfavorable comparison to sales driven by COVID-19-related stockpiling in the year-ago period and with a weak cold and flu season slowing consumer health product sales in the January-March period, sales for GSK’s

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