Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Schiff Q2 results

This article was originally published in The Tan Sheet

Executive Summary

Sales for Schiff Nutrition decreased to $35.5 mil. for the second quarter of 2006 (ending Nov. 30, 2005) from $44.3 mil. for the prior-year period due to the "discontinuance of certain private label business," President and CEO Bruce Wood reports Jan. 12. "Our branded sales also declined slightly in the quarter, but they are up approximately 8% for the first six months," he states. Branded product sales are expected to increase in the third quarter with the launch of Move Free Advanced Formula joint product, according to the Salt Lake City, Utah-based firm. "We will be providing substantial marketing support for this proprietary new product beginning in our fiscal third quarter," Wood continued. The company's second quarter net income of $1.5 mil fell approximately $2 mil. from the year-ago period...

You may also be interested in...



Schiff earnings dip

Sales for the fiscal first quarter (ended Aug. 31) of 2007 were $45.7 mil., compared to $48 mil. during the prior-year period, Schiff Nutrition announces Oct. 10. The Salt Lake City, Utah-based firm also reported a drop in net income, which totaled $3.3 mil. in comparison to $4.9 mil. during the first fiscal quarter of 2006. Despite the drop, the firm saw a 2.5% increase in joint category net sales, with a "slight increase" in the flagship Move Free brand. "Our overall branded sales results met our internal expectations as did our earnings performance, and we were pleased with the improvement in both our gross profit and operating income margins," President and CEO Bruce Wood said. Schiff "plans to continue" marketing support behind its new Move Free Advanced product in 2007, and is "encouraged" by positive consumer response to the new SKU. Competitive conditions in the joint category are "intensifying considerably," Wood added. Schiff expected the launch of Move Free Advanced to boost branded product sales (1"The Tan Sheet" Jan. 16, 2006, In Brief)...

BrainCool Seeks De Novo For Device That Prevents Oral Mucositis In Cancer Patients

Results of a pivotal trial show BrainCool’s Cooral system is significantly more effective than the standard of care therapy in preventing oral mucositis in lymphoma patients.

Indo-German Collaboration Delivers Novel Diabetic Foot Ulcer Treatment

Centaur-CytoTools introduces novel topical treatment for diabetic foot ulcers in India, for which they see limited direct competition and hope to change the way the difficult-to-treat diabetes complication is managed. Phase III studies are ongoing in Europe.

Topics

UsernamePublicRestriction

Register

ID1132090

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel