NBTY Sales Increase 12% To $155 Mil. In Third Quarter
This article was originally published in The Tan Sheet
Executive Summary
NBTY sales rose 11.6% to $155.1 mil. in the third quarter ended June 30, but net income fell by nearly half, down 46.7% to $4.3 mil., from $8.1 mil. the year before. In the nine months, sales increased 8.9% to $463.7 mil., and net income dropped 53.9% to $4.3 mil. NBTY's bottom line was negatively affected by $4.6 mil. in litigation expenses related to the outcome of a dispute over the acquisition of Holland & Barrett, NBTY announced Aug. 5.