Earlier this year dietary supplement manufacturer FitLife Brands hitched its wagon more firmly to the GNC star. As that leviathan has stumbled in recent months, FitLife has faltered, too, and an upcoming merger with sports nutrition brand iSatori has...
Lower consumer engagement and an inadequate assessment of the impact of prior-year promotions, but not the NY AG’s probe, are responsible for a ‘disappointing’ Q1, said GNC’s CEO Mike Archbold.
The past year has been a tough one for the sales of dietary supplements, and retailing giant GNC is not immune to those trends. In the company’s second quarter 2014 earnings GNC reported declines in both overall revenue and net income year-over-year.
In the wake of an FDA announcement on DMAA, GNC is moving to gradually remove all DMAA-containing products from its shelves, but not because the company believes that the ingredient is unsafe.
The planned acquisition of Super Supplements, a Seattle-based chain, by Vitamin Shoppe Inc. appears to be in question after the Federal Trade Commission’s decision to extend its investigation into the transaction past the planned Dec. 31 closing date.
SunOpta is catching up on filing its financial results and has announced a rise in profits in the first quarter of this year despite hefty professional fees relating to its berry division write-down.
More acquisitions may be on the cards for Balchem, the company that
last month bought Loders Croklaan's encapsulation and agglomeration
business, reports Jess Halliday.
Despite reporting a decline in revenues, Germany's third-largest
chemicalscompany Degussa said that it had 'got off to a solid
start' in the firstquarter of the year, ahead of presenting its
full results tomorrow.
Lonza CEO Markus Gemuend said today he will step down as the group
announced profits had fallen by 59 per cent on the previous year
and a 'major setback' in performance.
Cranberry specialist Northland posts a $4m profit in its fiscal
fourth quarter, an improvement over the prior year's net loss, and
says it market share is on the rise; it is also looking into
'strategic alternatices'...
Slacker US sales across all sectors hit third quarter results for
US Sensient Technologies with the colour and flavours company this
week reporting a slide in operating income.
Cholesterol-beating ingredients continue to please the market with
innovative Canadian company Forbes Medi-Tech reporting a strong set
of figures for the first six months of the year. Revenues for the
period rose 29 per cent from...
US spice maker McCormick & Company saw profits in the
second-quarter climb 19 per cent, helped by solid sales growth and
interest income from a purchase-price adjustment.
The German pharmaceuticals group reports that sales in the first
six months of 2002 rose 21 per cent on the previous year to €3.7
billion while operating income showed growth of 48 per cent to €495
million. Business in the US was...
US-based Lifeway Foods reported second quarter revenues of $3
million (€3.03), an increase of 9 per cent on the same period last
year. The success continues the strong trend seen this year by the
functional foods manufacturer.
