Gillette Restates Sales for 2000, ’01

Gillette Co., the world’s largest maker of razors, restated results for 2000 and last year to change how the company accounts for coupons and other promotions.

The restatement resulted in a decrease in 2001 sales to $8.08billion from $8.96billion, and a drop in 2000 sales to $8.31billion from $9.23billion, Gillette said.

Net income for both years isn’t affected by the reclassification, the company said.

Shares of Boston-based Gillette fell as low as $33.12 in after-hours trading. The shares had closed down 44 cents to $33.26 on the NYSE before the news was released.