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Weider Q3 financials

This article was originally published in The Tan Sheet

Executive Summary

Increased private label sales of $12.7 mil. were offset by a 16.7% decrease in Move Free revenue,execs say during April 8 analysts call. Third quarter net sales fell 14.3% to $64.1 mil., while net income dipped 35.3% from $1.2 mil. in Q3 2002 to $808,000 this year. Salt Lake City-based firm plans to launch nine "new leading-edge technology SKUs under the Weider brand by the end of the fourth quarter." Three products to be introduced under the Body Shaper sub-brand include Diet & Energy, Metabolizer and CLA Complete...
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