Schiff Nutrition International, Inc. (NYSE:WNI), today announced
results for the fiscal 2007 first quarter ended August 31, 2006.
Schiff Nutrition�s net sales were $45.7 million for the first
quarter, compared to $48.0 million for the same period in fiscal
2006. For its fiscal 2007 first quarter, Schiff Nutrition reported
net income of $3.3 million, or $0.12 per diluted share, as compared
to $4.9 million, or $0.18 per diluted share, for the fiscal 2006
first quarter. Fiscal 2006 first quarter results were favorably
impacted by the recognition of approximately $1.4 million
reimbursement of import related costs, the recognition of
approximately $1.6 million of non-taxable foreign currency related
gain, and an overall effective tax rate of approximately 13
percent. Bruce Wood, President and Chief Executive Officer, stated,
�While our first quarter overall sales were down modestly versus
the prior year period, we experienced a 2.5 percent increase in our
branded joint category net sales, with a slight increase in our
flagship Move Free brand. Our overall branded sales results met our
internal expectations as did our earnings performance, and we were
pleased with the improvement in both our gross profit and operating
income margins.� Wood went on to say, �We continue to be encouraged
by the positive consumer response to our new Move Free Advanced
product. Joint care category competitive conditions are
intensifying considerably, and we plan to continue our marketing
support behind Move Free Advanced in fiscal 2007. Long term, we
remain confident that our focus on profitable branded growth on our
Schiff base business will benefit future results. At the same time,
we are continuing our efforts on new organic and acquisition growth
initiatives.� Conference Call Information Schiff Nutrition
International will hold a conference call today, October 10 at 11
a.m. ET. The U.S. domestic access number is 866-578-5784.
International participants should dial 617-213-8056. Please call in
approximately ten minutes in advance. The conference call will be
broadcast live over the Internet at
http://www.schiffnutrition.com/press.asp. A replay of the call will
be available by dialing 888-286-8010 for domestic callers and
617-801-6888�for international callers; enter access code 88722525.
The telephone replay will be available through October 12, 2006.
About Schiff Nutrition Schiff Nutrition International, Inc.
develops, manufactures, markets and distributes branded and private
label vitamins, nutritional supplements and nutrition bars in the
United States and throughout the world. To learn more about Schiff,
please visit the web site www.schiffnutrition.com. This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, that are
based on management�s beliefs and assumptions, current
expectations, estimates, and projections. These statements are
subject to risks and uncertainties, certain of which are beyond the
company�s ability to control or predict, and, therefore, actual
results may differ materially. Schiff Nutrition disclaims any
obligation to update any forward-looking statements whether as a
result of new information, future events or otherwise. Important
factors that may cause these forward-looking statements to be false
include, but are not limited to: the inability to successfully
launch Move Free Advanced, the level of customer and consumer
acceptance of Move Free Advanced, the inability to successfully
implement marketing and spending programs behind our Move Free
brand and other new branded products, the impact of raw material
pricing, availability and quality (particularly relating to joint
care products and ingredients from suppliers outside the United
States), the mix between branded and private label products and our
ability to grow branded sales, the inability to achieve cost
savings and operational efficiencies, the inability to increase
operating margins and increase revenues, dependence on individual
products, dependence on individual customers, the impact of
competitive products and pricing (including private label), market
and industry conditions (including pricing, demand for products and
level of trade inventories), the impact of clinical studies
regarding nutritional supplements, particularly relating to the
joint care category, the success of product development, the
inability to obtain customer acceptance of new product
introductions, changes in laws and regulations, litigation and
government regulatory action in the United States and
internationally, the inability or increased cost to obtain product
liability and general insurance, the uncertainty of market
acceptance of new products, adverse publicity regarding the
consumption of nutritional supplements, the inability to find
strategic acquisitions or the inability to successfully consummate
or integrate an acquisition, changes in accounting standards, and
other factors indicated from time to time in the company�s SEC
reports, copies of which are available upon request from the
company�s investor relations department or may be obtained at the
SEC's web site (www.sec.gov). SCHIFF NUTRITION INTERNATIONAL, INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (IN THOUSANDS EXCEPT
PER SHARE AMOUNTS) (unaudited) Three Months Ended August 31, 2006�
2005� � Net sales $ 45,652� $ 48,017� Cost of goods sold � �
28,536� � � 35,308� � Gross profit � � 17,116� � � 12,709�
Operating expenses: Selling and marketing 8,289� 6,016� Other
operating expenses � � 4,495� � � 2,916� Total operating expenses �
� 12,784� � � 8,932� � Income from operations 4,332� 3,777� Other
income, net � � 685� � � 1,949� � Income from continuing operations
before income taxes 5,017� 5,726� Income taxes � � 1,754� � � 734�
� Income from continuing operations 3,263� 4,992� Loss from
discontinued operations, net of tax � � �� � � (57) � Net income $
� 3,263� $ � 4,935� � Weighted average common shares outstanding -
diluted � � 27,315� � � 26,774� � Net income (loss) per share:
Income from continuing operations $ 0.12� $ 0.19� Loss from
discontinued operations � � �� � � (0.01) � Net income $ � 0.12� $
� 0.18� SCHIFF NUTRITION INTERNATIONAL, INC. CONSOLIDATED CONDENSED
BALANCE SHEETS (IN THOUSANDS) August 31, 2006 May 31, 2006
(unaudited) � Cash and cash equivalents $ 22,151� $ 24,899�
Available-for-sale securities 43,568� 40,120� Receivables, net
22,490� 20,431� Inventories 24,491� 23,515� Other current assets �
� 3,096� � � 4,863� � Total current assets 115,796� 113,828� �
Property and equipment, net 13,819� 13,287� � Other assets, net � �
4,625� � � 4,500� � Total assets $ � 134,240� $ � 131,615� �
Current liabilities $ 22,108� $ 23,312� � Deferred taxes 503� 796�
� Stockholders� equity � � 111,629� � � 107,507� � Total
liabilities & stockholders� equity $ � 134,240� $ � 131,615�
Schiff Nutrition International, Inc. (NYSE:WNI), today announced
results for the fiscal 2007 first quarter ended August 31, 2006.
Schiff Nutrition's net sales were $45.7 million for the first
quarter, compared to $48.0 million for the same period in fiscal
2006. For its fiscal 2007 first quarter, Schiff Nutrition reported
net income of $3.3 million, or $0.12 per diluted share, as compared
to $4.9 million, or $0.18 per diluted share, for the fiscal 2006
first quarter. Fiscal 2006 first quarter results were favorably
impacted by the recognition of approximately $1.4 million
reimbursement of import related costs, the recognition of
approximately $1.6 million of non-taxable foreign currency related
gain, and an overall effective tax rate of approximately 13
percent. Bruce Wood, President and Chief Executive Officer, stated,
"While our first quarter overall sales were down modestly versus
the prior year period, we experienced a 2.5 percent increase in our
branded joint category net sales, with a slight increase in our
flagship Move Free brand. Our overall branded sales results met our
internal expectations as did our earnings performance, and we were
pleased with the improvement in both our gross profit and operating
income margins." Wood went on to say, "We continue to be encouraged
by the positive consumer response to our new Move Free Advanced
product. Joint care category competitive conditions are
intensifying considerably, and we plan to continue our marketing
support behind Move Free Advanced in fiscal 2007. Long term, we
remain confident that our focus on profitable branded growth on our
Schiff base business will benefit future results. At the same time,
we are continuing our efforts on new organic and acquisition growth
initiatives." Conference Call Information Schiff Nutrition
International will hold a conference call today, October 10 at 11
a.m. ET. The U.S. domestic access number is 866-578-5784.
International participants should dial 617-213-8056. Please call in
approximately ten minutes in advance. The conference call will be
broadcast live over the Internet at
http://www.schiffnutrition.com/press.asp. A replay of the call will
be available by dialing 888-286-8010 for domestic callers and
617-801-6888 for international callers; enter access code 88722525.
The telephone replay will be available through October 12, 2006.
About Schiff Nutrition Schiff Nutrition International, Inc.
develops, manufactures, markets and distributes branded and private
label vitamins, nutritional supplements and nutrition bars in the
United States and throughout the world. To learn more about Schiff,
please visit the web site www.schiffnutrition.com. This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, that are
based on management's beliefs and assumptions, current
expectations, estimates, and projections. These statements are
subject to risks and uncertainties, certain of which are beyond the
company's ability to control or predict, and, therefore, actual
results may differ materially. Schiff Nutrition disclaims any
obligation to update any forward-looking statements whether as a
result of new information, future events or otherwise. Important
factors that may cause these forward-looking statements to be false
include, but are not limited to: the inability to successfully
launch Move Free Advanced, the level of customer and consumer
acceptance of Move Free Advanced, the inability to successfully
implement marketing and spending programs behind our Move Free
brand and other new branded products, the impact of raw material
pricing, availability and quality (particularly relating to joint
care products and ingredients from suppliers outside the United
States), the mix between branded and private label products and our
ability to grow branded sales, the inability to achieve cost
savings and operational efficiencies, the inability to increase
operating margins and increase revenues, dependence on individual
products, dependence on individual customers, the impact of
competitive products and pricing (including private label), market
and industry conditions (including pricing, demand for products and
level of trade inventories), the impact of clinical studies
regarding nutritional supplements, particularly relating to the
joint care category, the success of product development, the
inability to obtain customer acceptance of new product
introductions, changes in laws and regulations, litigation and
government regulatory action in the United States and
internationally, the inability or increased cost to obtain product
liability and general insurance, the uncertainty of market
acceptance of new products, adverse publicity regarding the
consumption of nutritional supplements, the inability to find
strategic acquisitions or the inability to successfully consummate
or integrate an acquisition, changes in accounting standards, and
other factors indicated from time to time in the company's SEC
reports, copies of which are available upon request from the
company's investor relations department or may be obtained at the
SEC's web site (www.sec.gov). -0- *T SCHIFF NUTRITION
INTERNATIONAL, INC. CONSOLIDATED CONDENSED STATEMENTS OF INCOME (IN
THOUSANDS EXCEPT PER SHARE AMOUNTS) (unaudited) Three Months Ended
August 31, -------------------- 2006 2005 --------- --------- Net
sales $ 45,652 $ 48,017 Cost of goods sold 28,536 35,308 ---------
--------- Gross profit 17,116 12,709 --------- --------- Operating
expenses: Selling and marketing 8,289 6,016 Other operating
expenses 4,495 2,916 --------- --------- Total operating expenses
12,784 8,932 --------- --------- Income from operations 4,332 3,777
Other income, net 685 1,949 --------- --------- Income from
continuing operations before income taxes 5,017 5,726 Income taxes
1,754 734 --------- --------- Income from continuing operations
3,263 4,992 Loss from discontinued operations, net of tax -- (57)
--------- --------- Net income $ 3,263 $ 4,935 ========= =========
Weighted average common shares outstanding - diluted 27,315 26,774
========= ========= Net income (loss) per share: Income from
continuing operations $ 0.12 $ 0.19 Loss from discontinued
operations -- (0.01) --------- --------- Net income $ 0.12 $ 0.18
========= ========= *T -0- *T SCHIFF NUTRITION INTERNATIONAL, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS (IN THOUSANDS) August 31, May
31, 2006 2006 ----------- ---------- (unaudited) Cash and cash
equivalents $ 22,151 $ 24,899 Available-for-sale securities 43,568
40,120 Receivables, net 22,490 20,431 Inventories 24,491 23,515
Other current assets 3,096 4,863 ----------- ---------- Total
current assets 115,796 113,828 Property and equipment, net 13,819
13,287 Other assets, net 4,625 4,500 ----------- ---------- Total
assets $ 134,240 $ 131,615 =========== ========== Current
liabilities $ 22,108 $ 23,312 Deferred taxes 503 796 Stockholders'
equity 111,629 107,507 ----------- ---------- Total liabilities
& stockholders' equity $ 134,240 $ 131,615 ===========
========== *T
Schiff Nutrit (NYSE:WNI)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Schiff Nutrit (NYSE:WNI)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024