For its fiscal first quarter ended Dec. 31, nutritional supplements manufacturer/marketer NBTY saw net income decline 23%, despite an 8% increase in sales.
For the quarter, the Bohemia, NY-based company netted $23 million on $455 million in sales. For the first quarter of the previous year, NTBY had posted net income of $30 million on sales of $420 million.
The $35 million increase in year-over-year first-quarter sales included $33 million from NBTY’s recent acquisitions: $25 million from the Leonia, NJ-based Solgar Vitamin and Herb Co., formerly a division of Madison, NJ-based Wyeth Consumer Healthcare; $5 million from the Canadian-based retailer Le Naturiste Jean-Marc Brunet; and $3 million from the Canadian supplement manufacturer SISU. The net income figure includes a $2 million impairment charge for asset writedowns of approximately 40 nonprofitable Vitamin World stores.