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Celestial Seasonings

This article was originally published in The Tan Sheet

Executive Summary

Revenues for wellness product line down 32.4% to $4.8 mil. in the second quarter ended March 31 due to dietary supplement category "general softness" and fiscal 1998 inventory build by customers, the firm reports. The wellness line includes such herbal supplements as Celestial Seasonings Ginseng Energy, Ginkgo Sharp and Mood Mender with St. John's wort, as well as wellness teas. Shipments of wellness teas increased 232% during the three months, the firm notes. Total second quarter sales, comprised mostly of tea sales, were down 2.3% to $31.6 mil., while net income fell 21.8% to $2.6 mil
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