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Schiff income up

This article was originally published in The Tan Sheet

Executive Summary

The Salt Lake City company attributes its fiscal 2010 first-quarter profitability to strong branded sales offsetting a decline in private-label volume. Schiff Nutrition International reported a 35.1 percent leap in net income to $4.4 million in the three months ended Aug. 31, along with net sales growth of 1.6 percent to $48.6 million. Net income per share was 15 cents in the quarter, compared to 11 cents in the year-ago period, Schiff said Sept. 17. The firm pared costs in the quarter, reducing selling and marketing expenses to $6.6 million from $8.1 million
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