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NBTY sales over $500 mil. forecast for fiscal year; sales up 131% to $109.4 mil. in quarter.

This article was originally published in The Tan Sheet

Executive Summary

NBTY STRATEGIC TARGET IS OVER $500 MIL. IN ANNUAL SALES in fiscal 1998 (ending Sept. 30), Bohemia, N.Y.-based NBTY declared Jan. 23. The projected sales figure would put the company on pace for an increase in revenues of more than 78% based on FY 1997 consolidated sales of $281.4 mil. ("The Tan Sheet" Nov. 17, 1997, p. 28). Sales in FY 1997 were up 45% from the previous year.

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