RE:RE:Inventory climbs to new record"Yes this is very disturbing news as any person with an ounce of business knowledge will tell you that this a sign of lost/no sales failed forecasting and increased cost."
Show us one quarter where Aveeno or Neutrogena sales have declined. Aveeno and Neutrogena are being split-off from J&J creating the largest pure play consumer health product company by revenue in the world. The new company is called Kenvue. Kenvue is more focused on Aveeno and Neutogena which are much more significant as a percentage of revenue than they were to J&J. The increased focus should lead to more innovation and greater incentive to drive growth.
As noted in CZO's news release:
"...sales were mainly impacted by lower orders from USA for avenanthramides, for which we expect the reordering pattern should resume upon completion of re-organization resulting from the spinoff of the consumer division from one major customer, management believes the prospects for the Company remain positive."