Increased Backorders Affect PC Mall
Computer cataloger PC Mall (Nasdaq: MALL) reported a 3% decline in first-quarter sales, to $192 millionfrom $198 million last year. Net income tumbled 70%, from $1.2 million last year to $356,000 for the three months ended March 31. The Torrance, CA-based reseller blamed a 54% increase in backorders of recently introduced products for the decline in both sales and earnings.
Income and Sales Up at NBTY For its fiscal second quarter, ended March 31, nutritional supplements manufacturer/marketer NBTY (Nasdaq: NBTY) reported total net sales of $251.5 million, up 12% from $224.8 million a year earlier. What’s more, net income rose 43%, to $25.6 million from $17.9 million. Direct response sales, however, fell 3%, from $57.0 million to $56.0 million. Bohemia, NY-based NBTY’s brands include Puritan’s Pride, Vitamin World, and Nature’s Bounty.
1Q Income Up 155% at Collegiate Pacific Dallas-based Collegiate Pacific (Amex: BOO), which sells athletic equipment to schools and institutions, reported solid gains on both sides of the balance sheet. First-quarter revenue increased 30%, to $5.0 million from $3.8 million last year. Net income rose 155%, to $429,000 from $168,000. In a statement, CEO Michael Blumenfeld said that “we will continually seek strategic corporate partners or acquisitions that can offer increased leverage for revenues and earnings.”