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
You may also be interested in...
Supplement GMP Warning Letters Make Modest Debut In 2010
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC
In Brief
Combe sells most of its OTC brands
People In Brief
Perrigo promotes in pricing, planning