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Weider Q3 earnings

This article was originally published in The Tan Sheet

Executive Summary

Salt Lake City-based firm strengthening focus on "increased distribution of Move Free SKUs, namely Move Free gelcaps, Move Free with SAM-e and Move Free bar," President & CEO Bruce Wood says during a March 21 analyst call. However, he notes there are "no guarantees in the short-term," anticipating continued revenue slide for the joint health supplement due to private label competition. Move Free sales for the third quarter ending Feb. 28 dropped 26.7% from last year, Wood said. He noted future new product introductions could target conditions prevalent in older people, such as mental acuity, cardiovascular health and intestinal health. Weider's Q3 net sales were down 13.6% to $79.1 mil. Net income rose to $1.2 mil. from a loss of $652,000 last year due to cost-cutting measures, improved efficiency...
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