Nutraceutical Profits Rise
Nutritional supplement maker Nutraceutical International (NUTR) reported mixed quarterly results Thursday, with a slightly higher profit on decreased revenue.
Sales were $35.7 million in the company's fiscal fourth quarter, down from $36.8 million a year ago. All told, Nutraceutical earned $3.1 million, or 27 cents a share, compared with $3 million, or 26 cents a share, a year ago.
"We continued our historical focus on increasing market share in domestic health and natural-food stores through marketing and sales programs with our retail store customers," said Bill Gay, the company's chairman and chief executive officer. "Acquisitions and development of synergistic product categories will remain an integral part of our growth strategy."
Shares of Nutraceutical were down 1.3% at $14.98.
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