SUBSCRIBE

Breaking News on Supplements & Nutrition - North AmericaEU edition

News > Manufacturers

FitLife Brands maintains impressive growth with strong second quarter

Post a comment

By Hank Schultz

13-Aug-2014
Last updated on 14-Aug-2014 at 18:01 GMT

FitLife Brands, maker of nutritional supplements sold under several brand names, has bucked the headwinds that have afflicted the dietary supplement sector in recent quarters, notching an 18% rise in revenue in its second quarter 2014 results. The company also reported increased net income and earnings per share.

 

“We believe our second quarter results reflect the underlying strength of our business and execution of our strategic plans. We remain very excited about our opportunities for the remainder of this year and beyond. We are on track to launch our new product line in GNC corporate stores during the fourth quarter of this year or first quarter of 2015,” said John S Wilson, FitLife CEO, in a statement.

Brick-and-mortar

FitLife markets its supplements under the brand names NDS Nutrition, PMD, CoreActive and SirenLabs. The company, based in Omaha, NE, changed its name last year from Bond Labs. The company has pursued a brick-and-mortar strategy, with distribution of its products in more than 3,000 GNC stores and 1,200 other franchised outlets nationwide. FitLife markets more than 50 different dietary supplements in the sports nutrition, performance, weight loss and general health categories.

FitLife seems to have gotten over the hump that has foiled some other smaller and even midsize supplement manufacturers.  It has managed to ramp up production and distribution while at the same time keeping costs in check and improving profitability.  For example, in the first quarter of 2014, FitLife posted $6.3 million in revenue, compared to $6 million in the same period in 2012. But it boosted profit to $0.9 million, compared to $0.6 million, year over year. 

Q2 2014 earnings details

FitLife reported $6 million in revenue, an 18% rise over the same period in 2013. (Many supplement retailers and manufacturers report their strongest earnings in the first quarter of the calendar year.) Net income was $0.7 million compared to $0.5 million year over year. Diluted earnings per share were $0.08 versus $0.05 in the previous year quarter.

For the first half of 2014, revenue was $12.3 million as compared to $11.1 million for the first half of 2013, an increase of 10.8%. For the six month period ended June 30, 2014, the company reported net income of $1.6 million versus $1.1 million in the comparable period in 2013, an increase of 53.0%.

Subscribe to our FREE newsletter

Get FREE access to authoritative breaking news, videos, podcasts, webinars and white papers. SUBSCRIBE

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Related products

Key Industry Events

 

Access all events listing

Our events, Events from partners...