NATURE'S BOUNTY FOURTH-QUARTER SALES JUMP 46% TO $ 42.1 MIL.
This article was originally published in The Tan Sheet
NATURE'S BOUNTY FOURTH-QUARTER SALES JUMP 46% TO $ 42.1 MIL. while net income more than doubled to $ 4.5 mil. for the three- month period ended Sept. 30, the Bohemia, N.Y.-based supplement manufacturer announced Nov. 19. Nature's Bounty reported a 37% sales gain to $ 138.4 mil. for all of fiscal 1993. Net earnings for the year grew 157% to $ 9.8 mil., compared with fiscal 1992 earnings of $ 3.8 mil. "Over the past year, we have successfully increased sales to existing customers and attracted new customers through all our channels of distribution," commented Nature's Bounty Chairman and CEO Scott Rudolph, who recently succeeded his father, Arthur Rudolph, as chairman. "Furthermore, we significantly improved our operational and manufacturing efficiencies." In an Aug. 18 prospectus covering a stock offering by Arthur Rudolph, Nature's Bounty said it manufactures approximately 55% of all its supplements but expects "to increase such percentage substantially by December 1993." The company also said that it was planning to pursue new chainstore customers in the western U.S., as well as deepen distribution through its existing wholesale, retail, and mail order channels ("The Tan Sheet" Aug. 30, p. 17). Scott Rudolph said Nature's Bounty is entering fiscal 1994 "with a growing customer base, a technologically advanced manufacturing and production facility, and an improved balance sheet with over $ 101 mil. in total assets and $ 70 mil. in stockholders' equity." Chart omitted.
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