Un­der new CEO Joaquin Du­a­to, J&J promis­es 's­mall, medi­um and large scale' buy­outs as spin­off nears

When then-in­com­ing CEO Joaquin Du­a­to laid out his trans­for­ma­tion plans for John­son & John­son back in Jan­u­ary, he promised a 5 to 6% growth in sales this year. Ap­par­ent­ly, the tran­si­tion has proved to be a bit more chal­leng­ing than ex­pect­ed.

J&J has low­ered its full-year sales fore­cast to be­tween $94.8 bil­lion and $95.8 bil­lion, down about $1 bil­lion from what Du­a­to pre­dict­ed back in Jan­u­ary, ac­cord­ing to the com­pa­ny’s Q1 re­sults. A great deal of that is due to for­eign ex­change im­pacts, CFO Joseph Wolk said on the call.

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