Matrixx Expects Income Turnaround From Seasonal Sales
This article was originally published in The Tan Sheet
Executive Summary
Matrixx Initiatives anticipates retailers' orders to increase during the cold and flu season across the firm's upcoming quarters after sales fell 15.7% in its latest quarter.
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Matrixx Sales Drop Nearly 30% In Final Quarter Before Buyout
Matrixx Initiatives posts an $11.3 million net loss in what is likely its last quarter as a publicly traded company before its acquisition by private equity firm H.I.G. Capital.
Matrixx Sales Drop Nearly 30% In Final Quarter Before Buyout
Matrixx Initiatives posts an $11.3 million net loss in what is likely its last quarter as a publicly traded company before its acquisition by private equity firm H.I.G. Capital.