BIC’s back to school boost

Stationery, Lighters, and Shavers company, BIC, has released its quarterly sales report.

BIC’s sales showed a strong performance during Q3 2018, strongly supported by back to school trade.

Their report shows:

• 9M Net Sales up 0.3% on a comparative basis; 3Q Net Sales up 5.2% on a comparative basis, with a robust sell‐out
  during Back‐to‐School season as well as continued solid performance in all three categories in Mexico.
• 9M Normalized Income From Operation margin at 18.4%, down 1.1 points; Q3 Normalized Income From Operation
  margin at 16.1%, down 1.5 points.

Stationery sales are expected to continue to grow. Read more.