Weider Nutrition
This article was originally published in The Tan Sheet
Executive Summary
Mass market sales for the nine months ended Feb. 29 rise 20.3%, reaching $134 mil., and international sales jump 50.5% to $86.4 mil., helping overall sales see 11.4% increase to $267.8 mil. Sales for the fiscal third quarter, however, are relatively flat at $90.4 mil. Net income for the quarter leaps 109.8% to $854,000 after charges related to personnel changes, relocation and upgrading of management systems, the company reports April 11. Pro forma income for the three months totals $1.3 mil., a 38.1% decline. The firm expects to launch roughly 100 new SKUs in fiscal 2001, including new sports nutrition and soy products