Net sales for the quarter
declined 6 per cent to $1.149 billion from $1.228 billion in the year-ago period
— a significant improvement from the 15 per cent decline in net sales reported
for the first quarter of this year. Had the US dollar remained at 1999 levels,
net sales would have declined 5 per cent. Product innovation and marketing initiatives,
as well as supply chain execution, contributed to the improved sales trend.
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