Garry Ridge Products Quotations

While we continue to face significant competition in the household products categories, we were able to achieve success in this area due to increased distribution, increases in promotions and the launch of new products.

We are still challenged by the continuing increases in cost of goods. As a result, we plan to implement price increases on certain products during the third quarter of this year.

We are pleased with the sales and profit growth we have generated across all of our trading blocs. We have also started to see success from our commitment to innovation and the recent introduction of new products that have resulted from that strategy.

During the quarter we had solid growth in the U.S., Canada and Latin America, with strong sales in the lubricant and household products business.