Schiff Nutrition International, Inc., (NYSE:WNI), today announced
results for the fiscal 2008 second quarter and six months ended
November 30, 2007. Schiff Nutrition�s net sales were $39.5 million
for the second quarter, compared to $38.8 million for the same
period in fiscal 2007. For its fiscal 2008 second quarter, Schiff
Nutrition reported net income of $2.8 million, or $0.10 per diluted
share, as compared to $2.2 million, or $0.08 per diluted share, for
the fiscal 2007 second quarter. Schiff Nutrition�s net sales were
$80.3 million for the six months ended November 30, 2007, compared
to $84.5 million for the same period in fiscal 2007. For the first
six months of fiscal 2008, Schiff Nutrition reported net income of
$4.5 million, or $0.16 per diluted share, compared to $5.5 million,
or $0.20 per diluted share, for the same period a year ago. As
previously announced, the company recognized a pre-tax compensation
charge of $0.7 million and $3.7 million, respectively, during its
three and six months ended November 30, 2007, related to the fiscal
2008 first quarter special dividend payment. Bruce Wood, President
and Chief Executive Officer, stated, �Our second quarter sales
performance reflected solid branded growth, as expected from a
shift in timing of certain customer promotions from the first
quarter. With respect to profitability, our operating margin
improved versus the year ago period, primarily due to a current
year shift in marketing expenses from the first half to the second
half.� Wood continued, �We are excited about our plans for our Move
Free� brand, which include an aggressive marketing campaign to
support the fiscal third quarter introduction of dramatically
smaller tablets on our existing Move Free items. We plan to
continue to invest in our Schiff� branded business, and our Move
Free brand in particular with the addition of a Move Free line
extension late in the fiscal year. Although the supplements
category remains highly competitive, our strong liquidity position
gives us confidence in our ability to compete in the long-term.�
Conference Call Information Schiff Nutrition International will
hold a conference call today, December 20 at 11 a.m. ET. The U.S.
domestic access number is 866-272-9941. International participants
should dial 617-213-8895. The participant pass code is 80531774.
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, and the webcast will be
available through January 9, 2008. 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 64282566.
The telephone replay will be available through December 24, 2007.
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 and Section 21E of the
Securities Exchange Act of 1934 that are based on management�s
beliefs and assumptions, current expectations, estimates, and
projections. These statements are subject to known and unknown
risks and uncertainties, certain of which are beyond the company�s
ability to control or predict, and, therefore, actual results may
differ materially. Any forward-looking statements are made pursuant
to the Private Securities Litigation Reform Act of 1995 and, as
such, speak only as of the date hereof. Schiff Nutrition disclaims
any obligation to update any forward-looking statements whether as
a result of new information, future events or otherwise. You are
cautioned not to place undue reliance on these forward-looking
statements. Important factors that may cause these forward-looking
statements to be false include, but are not limited to: the level
of customer and consumer acceptance of Move Free brand smaller
tablets and line extensions, 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, including China); the mix between branded and private label
products; the ability to grow and/or maintain branded and private
label sales; the inability to enforce or protect our intellectual
property rights against infringement; the inability to achieve cost
savings and operational efficiencies; the inability to increase
operating margins and increase revenues; the inability to
successfully grow our export business; dependence on individual
products, product lines and the joint care category; dependence on
individual customers; the impact of competitive products and
pricing (including private label), particularly in the joint care
category; market and industry conditions (including demand for
products and level of trade inventories); 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 possibility of product recalls; the inability
or increased cost to obtain adequate product liability and general
insurance; insurance coverage limitations and exclusions; adverse
publicity, scientific research, litigation, regulatory proceedings
and other media attention regarding the consumption of nutritional
supplements, particularly regarding the joint care category; 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 (including the sections entitled �Risk
Factors� and �Management�s Discussion and Analysis of Financial
Condition and Results of Operations� contained�therein), 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). These risks and uncertainties should be carefully
considered before making an investment decision with respect to
shares of our common stock. SCHIFF NUTRITION INTERNATIONAL, INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (IN THOUSANDS, EXCEPT
PER SHARE AMOUNTS) (unaudited) � � Three Months EndedNovember 30,
Six Months EndedNovember 30, 2007 � 2006 2007 � 2006 � Net sales $
39,535 $ 38,817 $ 80,262 $ 84,469 Cost of goods sold � 22,974 �
22,640 � 47,280 � 51,176 � Gross profit � 16,561 � 16,177 � 32,982
� 33,293 Operating expenses: Selling and marketing 6,631 8,790
13,220 17,079 Other operating expenses � 5,803 � 4,741 � 13,783 �
9,236 Total operating expenses (1) � 12,434 � 13,531 � 27,003 �
26,315 � Income from operations 4,127 2,646 5,979 6,978 Other
income, net � 401 � 728 � 1,199 � 1,413 � Income before income
taxes 4,528 3,374 7,178 8,391 Income tax expense � 1,725 � 1,125 �
2,727 � 2,879 � Net income $ 2,803 $ 2,249 $ 4,451 $ 5,512 �
Weighted average common shares outstanding - diluted � 27,728 �
27,330 � 27,480 � 27,322 � Net income per share - diluted $ 0.10 $
0.08 $ 0.16 $ 0.20 � (1) Three and six months ended November 30,
2007, respectively, includes $0.7 million and $3.7 million
compensation charge associated with dividend equivalents paid or
payable on stock options and certain restricted stock units. SCHIFF
NUTRITION INTERNATIONAL, INC. CONSOLIDATED CONDENSED BALANCE SHEETS
(IN THOUSANDS) � � November 30,2007 � May 31,2007 (unaudited) Cash
and cash equivalents $ 9,980 $ 34,463 Available-for-sale securities
30,571 45,817 Receivables, net 15,334 17,732 Inventories 31,464
23,698 Other current assets � 4,142 � 4,143 Total current assets
91,491 125,853 Property and equipment, net 14,253 14,438 Other
assets, net � 5,743 � 4,788 Total assets $ 111,487 $ 145,079
Current liabilities $ 20,463 $ 20,984 Long-term liabilities 1,724 �
Stockholders� equity � 89,300 � 124,095 Total liabilities &
stockholders� equity $ 111,487 $ 145,079
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