Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Greg Gilbert with Bank of America.
Greg Gilbert – Bank of America
Good morning. I have a few – nice to see some operating margin improvement versus last quarter even that vitamin drag but other than managing raw material cost and bringing packaging fully in-house which I think you are already doing, what else are you talking about doing to improve the margin structure there?
Joe Papa
Hi, Greg, Joe Papa. Your question – clearly the big part of what we got to do is work through the inventory of raw materials that were previously at the higher price of the – from a cost of goods, raw material cost. That was really the – we probably worked through that inventory, Greg, on the raw material as we worked through that raw material that in our inventory that will bring down the effective cost of goods of our products.
Greg Gilbert – Bank of America
Okay. About the need to do additional things now which you have already articulated?
Joe Papa
No. I think that’s a primary portion. Obviously, we are – the other part of what I said before, just to remind you that we are also seeking an additional sourcing of raw materials to seek better cost of goods by bringing all suppliers for those raw materials
Greg Gilbert – Bank of America
Okay. My second question is about new launches. What is your guidance in terms of Rx and your other consumer launches for the remainder of this year? Can you offer a sneak preview on what could be launched on those businesses next year?
Joe Papa
Yes. As you know, Greg, we really don’t talk about our next fiscal year until the August timeframe. So, I can’t really speak much about that. But I do think there are some products that you are aware of that in terms of expirations of 30-month space and other things that will happen over the next 12 months. Relative though to – going back to the first part of your question, the current fiscal year, there are few small products introductions but they are very limited. The majority of the products with the performance of our existing products, the primary driver for our remaining 3 months will be the performance of our existing products and as they gain incremental market share in their respective markets.
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