date:Jul 30, 2013
Infant nutrition company Mead Johnson has announced its financial results for the quarter ended June 30, 2013. Sales increased 4% to $1,055 million. Sales growth was 8% in the Asia/Latin America segment, partially offset by a 4% decline in the North America/Europe segment due to the impact of businesses exited in late 2012.
Net earnings were broadly flat.
We are encouraged by our revenue growth in the quarter, said CEO Peter Kasper Jakobsen. It allowed us to increase demand-generation investme