Henry Schein has reported results for its second quarter of 2016, acknowledging that North American dental sales were below the company's expectations for the quarter.
For the quarter (end-June 25), North American dental sales totaled more than $865.5 million, up 2.1% compared with $847.4 million in the second quarter of 2015. Stanley Bergman, chairman of the board and CEO of Henry Schein stated that North America dental sales reflected softness in the U.S. that began in early June. While this sales growth was lower than expected, Henry Schein was focused on delivering value-added solutions to customers, he noted.
Overall, Henry Schein's dental sales for the quarter were almost $1.4 billion, an increase of 4.0% compared with the second quarter of 2015. Overall, the company posted higher sales and net income, with net sales increasing 9.3% to $2.9 billion and net income increasing 1.8% to $120.1 million.
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