THE WHAT? Johnson & Johnson has revised its full-year forecast for the second consecutive quarter due to the strengthening U.S. dollar impacting estimates for reported results.
THE DETAILS The company reported total sales growth of 3 percent to US$24 billion with operational growth of 8 percent and adjusted operational growth of 8.1 percent.
Joaquin Duato, Chief Executive Officer, said, “Our solid second quarter results across Johnson & Johnson reflect the strength and resilience of our Company’s market leadership in the midst of macroeconomic challenges.
“I am continually energized by the focus and passion of my Johnson & Johnson colleagues and their dedication toward delivering transformative healthcare solutions to patients and consumers around the world.”
Consumer Health worldwide adjusted operational sales increased 2.9 percent. Major contributors to growth included Neutrogena in international Skin Health/Beauty.
THE WHY? Johnson & Johnson told the FT that unfavourable foreign exchange moves would cost it up to an additional US$1.5bn in reported sales this year than it had previously estimated.
J&J also downgraded its 2022 adjusted profit forecast from between US$10.15 and US$10.35 to US$10 and US$10.10 per share.
Joseph Wolk, Chief Financial Officer, said, “It’s not just that the euro and US dollar have reached parity, something we haven’t seen in nearly two decades. It’s also the rapid pace at which the fluctuations are occurring – a dynamic only experienced a few times over that same period.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
