Financial focus

Omega Protein starts dividend program

Omega Protein starts dividend program

By Hank Schultz

Omega Protein has come through the tumult of a proxy fight and has announced a plan to distribute some of the cash generated by the business to shareholders via dividends. A line in the announcement gave the impression the company’s management has finally...

GNC to overhaul in-store experience in bid to halt sales slide

GNC to overhaul in-store experience in bid to halt sales slide

By Hank Schultz

Supplement retailing giant GNC will hit the reset button on its customer experience by closing all of its corporate-owned stores for one day next week to install new checkout terminals and institute a new pricing structure.

Cyanotech grows spirulina and Haematococcus pluvialis at its facility on the Kona Coast of Hawaii's Big Island.  Cyanotech photo.

Bad weather deflates Cyanotech's earnings

By Hank Schultz

Bad weather that damaged algae production significantly depressed Cyanotech’s earnings performance in 2016, the company announced recently.

iStock photo.

Perrigo unloads US supplements business to contract manufacturer

By Hank Schultz

Perrigo has unloaded its US supplements business, with International Vitamin Corporation stepping up as buyer. The deal was seen by one observer as another step in the concentration of US-based supplement manufacturing backed by Chinese capital.

Stauber gets off to roaring start with Hawkins

Stauber gets off to roaring start with Hawkins

By Hank Schultz

Another company has reported success with an acquisition in the dietary supplements ingredients space as Hawkins, Inc. reported strong earnings growth attributed in part to its purchase of Stauber.

Image: iStockPhoto / Lemiuex

Traders pound USANA's stock over slowdown in China sales

By Hank Schultz

USANA Health Sciences reported $232.6 million in net sales in its fourth quarter, a 2.1% year-over-year increase. That amounted to $1.83 in earnings per share, but these figures disappointed analysts, and the company’s share price tumbled as a result.

iStock photo

Prolific class action law firm sued for alleged racketeering

By Hank Schultz

The firm of prominent attorney Jonathan Emord on behalf of a client has filed a lawsuit against Newport Trial Group, a California law firm noted for its numerous class actions. The suit charges NTG with malicious prosecution and violations of federal...

GNC revenues stall as company weans itself from promotion-heavy culture

GNC revenues stall as company weans itself from promotion-heavy culture

By Hank Schultz

GNC Holdings, whose revenue has been under pressure in recent quarters, delivered another mildly disappointing report for its second quarter 2015 earnings. Same-store sales were down and manufacturing revenues were off, with the company’s franchise store...

Garden of Life takes on B Corps mantle

Garden of Life takes on B Corps mantle

By Hank Schultz

Garden of Life, a manufacturer of organic dietary supplements, has bolstered it social responsibility message by transforming itself into a B Corp, the company announced this week. 

Supplement manufacturing giant Pharmavite acquires FoodState

Supplement manufacturing giant Pharmavite acquires FoodState

By Hank Schultz

Dietary supplement manufacturing giant Pharmavite LLC has made a big move into natural channel supplements with its acquisition of whole food supplement manufacturer FoodState Inc. Pharmavite acquired the company from the private equity firm 2X Consumer...

BASF sells Norwegian omega-3 business to US firm

BASF sells Norwegian omega-3 business to US firm

By Shane STARLING

BASF has sold its Norwegian, “natural fish oils, medium-concentrated omega-3s, and customised bottled fish oil” plant to Pennsylvania firm Marine Ingredients for an undisclosed sum as the German ingredients and chemicals giant switches its focus to high-end...

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