Celestial Seasonings
This article was originally published in The Tan Sheet
Executive Summary
Dietary supplement sales for the second quarter ended March 31 total $1.1 mil., flat compared to a year ago, the company announces April 13. For the six-month period, sales reached roughly $2.8 mil., according to company documents. Sales of 60-count supplements "were slightly lower than our expectations, but we generated a small profit," the firm reports. Overall, net sales reach $34.9 mil. in the quarter, a 10.4% increase, while earnings rise 46.2% to $3.8 mil. On March 6, Celestial announced plans to merge with The Hain Food Group to form The Hain Celestial Group. The move is expected to open new channels of distribution for the tea manufacturer (1"The Tan Sheet" March 13, In Brief)