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Johnson & Johnson raises guidance following third-quarter results
Johnson & Johnson saw its growth initiatives pay off in the third quarter and increased its earnings guidance for 2013.
The company had sales of $17.6 billion for the quarter, an increase of 3.1% as compared to the third quarter of 2012. Operational results increased 4.7% and the negative impact of currency was 1.6%. Domestic sales increased 1.7%. International sales increased 4.2%, reflecting operational growth of 7.1% and a negative currency impact of 2.9%.
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Former Walmart exec steps into new role at Crocs
Casual footwear manufacturer Crocs has appointed former Walmart executive Greg Sullivan as the company’s general manager for the Americas region. The region encompasses North, Central and South America.
In his new role, Sullivan will be responsible for managing the region's day-to-day operations, including overseeing sales, marketing, finance and human resources functions, as well as the region's wholesale, internet and direct-to-consumer channels.