Utah's Nutraceutical posts higher 4Q sales, profit
Nutraceutical International Corp., a Park City-based supplier of nutritional products, reported its sales for the fourth quarter ended Sept. 30 were $50.3 million compared with $45.8 million for the same quarter a year ago.
Net income was $4.2 million, or 42 cents per share. A year earlier, Nutraceutical posted fourth-quarter net income of $3.3 million, or 32 cents per share.
"The health and natural foods markets that we serve appear to remain strong with ongoing expansions at many chain stores in spite of challenges in other retail segments and in national and international markets," Bill Gay, Nutraceutical's chairman and CEO said in a statement announcing the company's fourth quarter and year-end results. "We remain optimistic but cautious as we approach next year."
For its 2012 fiscal year, Nutraceutical's sales reached $200.4 million compared with $188.1 million for the previous year. Net income was $15.8 million, or $1.59 per share, compared with net income of $15.7 million, or $1.51 per share, for fiscal 2011.