NBTY sales shortfall
This article was originally published in The Tan Sheet
Executive Summary
Firm revises sales guidance for Direct Response and Vitamin World businesses for the two months ended May 31, NBTY says June 17. Puritan's Pride sales decreased 12% to $38 mil. compared to the year-ago period, while Vitamin World sales dropped 1% to $36 mil. CEO Scott Rudolph said the firm expects the decline to continue "at least through the end of June." Although the sales slowdown will impact the firm's overall results for the third quarter of FY 2004, the firm remains "optimistic for the long-term," he maintained...