IVC private label revenues, Intergel division spur 38% sales jump in third quarter.
This article was originally published in The Tan Sheet
Executive Summary
IVC PRIVATE LABEL REVENUES DRIVE 38% SALES JUMP TO $35 MIL. in the third quarter ended April 30, the dietary supplement marketer announced June 15. Despite the company's ongoing focus on boosting its higher margin branded nutritionals and soft gel OTCs businesses, the growth of IVC Industries' private label nutritional products was largely responsible for the nearly $10 mil. sales increase. IVC also credited some of the sales gain to the "improving performance" of the firm's Intergel soft gelatin encapsulation business.
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