Company News

Fourth Quarter Mixed for Prestige Brands

Sales of household cleaners up, personal care revenues down.

Prestige Brands Holdings—owner of OTC healthcare products, Cutex nail polish remover and Spic and Span cleaner—said total revenues for the fourth fiscal quarter were $71.4 million, a 4% gain over the fourth quarter of fiscal 2009. Sales of household cleaning products segments showed a slight gain, however personal care revenues slid, according to the Irvington, NY-based company.


The firm’s household cleaning products unit recorded sales of $27 million, up slightly from the comparable period one year ago. Sales increases in the Spic and Span and Chore Boy brands were offset by a slight decline by Comet, according to the company.

On the personal care side, fourth quarter sales were $1.8 million, 14% below last year’s fourth fiscal quarter. The company attributed the loss mainly to a drop in Cutex’s sales.

Reported net income for the fourth fiscal quarter was $3.3 million compared to a loss of $211.1 million in the prior year comparable quarter.

For the fiscal year ended March 31, 2010, total sales were $302 million, slightly below the prior fiscal year. Net income was $32.1 million compared to a loss of $186.8 million in 2009.

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