Utahs Schiff Nutrition International said its sales for the third quarter of its 2012 fiscal year grew 25 percent, the result of a strong marketing campaign and the introduction of a number of new products. <\/p>\n
The Salt Lake City-based company, whose third quarter ended Feb. 29, 2012, said revenue for the period reached $72.2 million, up from $57.7 million in the same quarter a year ago. <\/p>\n
Those revenue helped Schiff post net income of $4.6 million for the quarter, or 16 cents per share, compared with the net income of $4 million, or 14 cents per share, for the same period in fiscal 2011. <\/p>\n
\"We are positioning Schiff for long-term growth,\" Tarang Amin, president and CEO, said in a statement announcing the companys latest financial results. \"Our sales and gross margins continue to benefit from our investments in brand building.\" <\/p>\n
Schiff market nutritional supplements under a variety of different brands. <\/p>\n
For the first nine months of fiscal 2012, sales reached $191.5 million compared with $161.8 million for the same period in the previous fiscal year, Amin said. <\/p>\n
Net income for the first nine months of the year was $11.8 million, or 40 cents per share, compared to net income of $9.6 million, or 33 cents per share, for the comparable period in fiscal 2011. <\/p>\n
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Continue reading here: Utahs Schiff Nutrition International said its sales for the third quarter of its 2012 fiscal year grew 25 percent, the result of a strong marketing campaign and the introduction of a number of new products. The Salt Lake City-based company, whose third quarter ended Feb. 29, 2012, said revenue for the period reached $72.2 million, up from $57.7 million in the same quarter a year ago. Continue reading
\nSchiff Nutrition posts higher 3Q revenue, earnings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"