The American consumer goods conglomerate announced second-quarter profits that beat analysts’ expectations on Thursday, but posted revenues that came in under estimates, despite strong growth in health care and beauty.
Rising sales but falling profits were a feature of Space NK's latest financial year. But analysts were impressed with its overall performance as it made the most of opportunities both in stores and online.
Natural deodorant went mainstream in 2019, with brands launching a series of products designed to cater to increasingly health-conscious consumers hoping to avoid ingredients such as baking soda and aluminium.
Johnson & Johnson said on Tuesday that recent tests showed that Johnson’s Baby Powder was free of asbestos, after investigations reported trace amounts of the material in the product earlier this year.