Get the app today! Download iPhone App Download Android App

PZ Cussons Sees Handwash Demand Boom As Beauty Business Fades

Published on Apr 16 2020 10:20 AM in A-Brands tagged: Trending Posts / PZ Cussons / Soap / handwash

PZ Cussons Sees Handwash Demand Boom As Beauty Business Fades

Britain's PZ Cussons is seeing "exceptionally high" demand for its Carex hand wash, sanitiser gels and Imperial Leather soap due to the coronavirus pandemic, the company has said, while flagging a slowdown in its beauty business.

The company, which recently tapped Avon Products executive Jonathan Myers as its top boss, also said its full-year profit forecast was at the lower end of the consensus range.

It forecast a slow recovery in the beauty unit as retailers are now stocking up hygiene and personal care products rather than cosmetics.

Overall revenue in the third quarter ended February 29 fell year-on-year, it said, adding that the impact of the coronavirus and the restrictions imposed to prevent its spread remained significant.

Advertisement

PZ Cussons' key manufacturing sites around the world remain open, despite the restrictions, it said.

News by ReutersClick subscribe to sign up to ESM: European Supermarket Magazine.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email