IVC Industries' third-quarter sales increase 28.4%, boosted by Revlon line, Intergel.
This article was originally published in The Tan Sheet
Executive Summary
IVC INDUSTRIES THIRD-QUARTER SALES INCREASE 28.4% to $27.7 mil., boosted by the Revlon supplements line, the new Intergel division and growth in core business operations, the firm said June 17. Introduced during the third quarter, the six-product Revlon vitamin, herb and nutritional supplements line generated 5% of sales in the period ended April 30, according to the company. The line had a positive impact on gross margins but also increased IVC's costs due to launch expenses