date:Sep 19, 2012
US vitamins and supplements manufacturer Schiff Nutrition has raised its full year forecast after the firm reported a surge in EBITDA and net sales in the first quarter.
Schiff increased EBITDA by 81% to $17.4 million in the quarter ending 31 August and net sales were up 46% to $85.1 million. Net income for the fiscal first quarter reached $6 million, up from $4.7 million during the same period last year.
Branded sales increased by 49.3% to $74.8 million reflecting the contribution of the firm