Vital Living earnings
This article was originally published in The Tan Sheet
Executive Summary
Phoenix-based nutritionals firm recorded a 2,513% increase in sales from continuing operations to $1 mil. with a net loss before discontinued operations of $2.79 mil. in the firm's third quarter (ended Sept. 30), compared with an $11.4 mil. loss the previous year, Vital Living says Nov. 22. The improvement was primarily due to the divestiture of Christopher's Original Formulas herbal supplement business and nutraceuticals firm MAF Bionutritionals; the sales reflect the firm's decision to focus solely on developing and marketing proprietary products, according to CEO Stuart Benson. Vital Living announced the rollout of X-Fat, a diet solution containing a patented form of liquid chitosan, to GNC stores nationwide Nov. 2. The company hopes the product will drive sales over the holiday season...