People are ready to have sex again: Condom sales are surging
April 30, 2021. Summarized by summa-bot.
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ARLINGTON, VA, USA - AUGUST 29, 2020: Durex condoms on display in retail aisle. Durex is a brand of Reckitt Benckiser Group
Condom sales have been in a slump during the pandemic as people sheltered at home and put their sex life on hold. But now, as more Americans are getting vaccinated and Covid-19 safety restrictions are loosening, condom makers are no longer having trouble getting their sales up.
Male condom sales in the United States increased 23. 4% to $37 million during the four weeks ending April 18 compared with the same stretch a year ago, according to the latest figures from IRI, a market research firm that tracks point-of-sale data at big box retailers, grocery stores, drug stores and other retail channels.
Reckitt Benckiser (RBGLY), the maker of Durex condoms, said Wednesday that Durex logged a double digit percentage sales increase during the company's latest quarter compared with the same quarter last year.
Walgreens (WBA) and CVS (CVS) also said condom sales have grown at stores in recent weeks compared with a year ago.
Church & Dwight (CHD), the maker of Trojan condoms, said in January that this year looked "promising" for condom sales.
Trojan parent Church & Dwight said in its February 2020 annual filing that "condom usage has declined, as a result of a lower 18 to 24-year old population, alternate birth control options, less fear of HIV, less sex acts and increased competition. "