Dial Reports Drop in Net Income For First Quarter of 2001.
Analysts had expected earnings of 11 to 15 cents a share with a consensus of 13 cents, according to market research firm Thomson Financial/First Call. Net sales rose 7.6% to $401.5 million from $373.1 million, as increased marketing of core brands like Dial soap started to show results.
"It looks as though the spending levels of the company are starting to pay off," said William Steele, consumer products analyst at Banc of America Securities. During the quarter, the company lowered list prices and trade promotion spending on some of its personal cleansing and laundry products.
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|Publication:||Household & Personal Products Industry|
|Date:||May 1, 2001|
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