NBTY Vitamin World Store Costs Cause Second Quarter Slowdown
This article was originally published in The Tan Sheet
Executive Summary
NBTY net income tumbled 56.2% to $6.8 mil. in the fiscal second quarter ended March 31, from $15.6 mil. in the year-ago period, due in part to costs related to opening and operating new Vitamin World stores, the firm reported April 27. NBTY opened 26 stores in the three-month period. The firm's second quarter sales increased 6.6% to $167.7 mil.