Rexall Sundown first quarter sales up 24%; Pennex division posts loss despite sales rise.
This article was originally published in The Tan Sheet
Executive Summary
REXALL SUNDOWN FIRST QUARTER SALES RISE 24% to $36.9 mil., boosted by sales increases in each of the company's major business segments. Sales to retailers rose 23.6% for the quarter ended Nov. 30, mail order sales gained 5.3% and direct sales grew 34.3%. Sales to retailers included net sales from Pennex Labs of $5 mil., representing an increase of 100% over the first quarter of fiscal 1994.