J&J Sees Clear But Bumpy Road Ahead For Consumer Health, Personal Care Business Growth

Q1 results arrive with cautionary forecasts on “external challenges” limiting sales and net income growth. Limited availability and higher commodity prices and increased costs for labor, energy and transportation are “pervasive across the enterprise but most notable in consumer health,” says CFO Joseph Wolk.

• Source: Alamy

Johnson & Johnson’s planned separation for its consumer health and personal care products business is full steam ahead but so are the impacts on its results from inflation and COVID-19-related operational disruptions.

A hit to earnings for the global manufacturer and marketer of pharmaceutical, medical devices and consumer health products also is arriving from omitting from its performance forecast sales of its COVID-19 vaccine due to a global surplus and uncertainty about future demand

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