NBTY Announces Lower April and May Sales for Direct Response and Vitamin World Operations
June 17 2004 - 8:00AM
PR Newswire (US)
NBTY Announces Lower April and May Sales for Direct Response and
Vitamin World Operations BOHEMIA, N.Y., June 17
/PRNewswire-FirstCall/ -- NBTY, Inc. (NYSE:NTY)
(http://www.nbty.com/), a leading manufacturer and marketer of
nutritional supplements, today announced lower sales for its Direct
Response and Vitamin World operations for the two-month period
ending May 31, 2004. Sales from Puritan's Pride direct
response/e-commerce operations for the two-month period ending May
31, 2004 decreased 12% to $38 million from $43 million for the
comparable two-month period a year ago. For the two-month period
from April 1, 2004 through May 31, 2004, Vitamin World retail sales
decreased 1% from the comparable two-month period a year ago. Sales
results by segment for the two-month period ending May 31, 2004 and
May 31, 2003 (May 31, 2003 are prior to the acquisition of Rexall)
are as follows: SALES (Unaudited) (Dollar Amounts In Millions) 2004
2003 %Increase/ (Decrease) Wholesale/ US Nutrition $ 116 $60 94%
Direct Response / Puritan's Pride $38 $43 (12%) US Retail / Vitamin
World $36 $36 (1%) European Retail / Holland & Barrett / GNC UK
$81 $63 29% Total $ 271 $ 202 34% NBTY Chairman and CEO, Scott
Rudolph, said: "We are disappointed in the decline in sales results
in two of our operations and expect this slowdown to continue at
least through the end of June. While this slowdown in sales will
effect our overall results for the fiscal third quarter of 2004, we
remain optimistic for the long-term." ABOUT NBTY NBTY is a leading
vertically integrated manufacturer and distributor of a broad line
of high-quality, value-priced nutritional supplements in the United
States and throughout the world. The Company markets approximately
1,500 products under several brands, including Nature's Bounty(R),
Vitamin World(R), Puritan's Pride(R), Holland & Barrett(R),
Rexall(R), Sundown(R), MET-Rx(R), WORLDWIDE Sport Nutrition(R),
American Health(R), GNC (UK)(R) and DeTuinen(R). This release
contains certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 with respect
to our financial condition, results of operations and business. All
of these forward-looking statements, which can be identified by the
use of terminology such as "subject to," "believe," "expects,"
"may," "will," "should," "can," or "anticipates," or the negative
thereof, or variations thereon, or comparable terminology, or by
discussions of strategy which, although believed to be reasonable,
are inherently uncertain. Factors which may materially affect such
forward-looking statements include: (i) slow or negative growth in
the nutritional supplement industry; (ii) interruption of business
or negative impact on sales and earnings due to acts of war,
terrorism, bio-terrorism, civil unrest or disruption of mail
service; (iii) adverse publicity regarding nutritional supplements;
(iv) inability to retain customers of companies (or mailing lists)
recently acquired; (v) increased competition; (vi) increased costs;
(vii) loss or retirement of key members of management; (viii)
increases in the cost of borrowings and unavailability of
additional debt or equity capital; (ix) unavailability of, or
inability to consummate, advantageous acquisitions in the future,
including those that may be subject to bankruptcy approval or the
inability of NBTY to integrate acquisitions into the mainstream of
its business; (x) changes in general worldwide economic and
political conditions in the markets in which NBTY may compete from
time to time; (xi) the inability of NBTY to gain and/or hold market
share of its wholesale and/or retail customers anywhere in the
world; (xii) unavailability of electricity in certain geographical
areas; (xiii) the inability of NBTY to obtain and/or renew
insurance; (xiv) exposure to and expense of defending and
resolving, product liability claims and other litigation; (xv) the
ability of NBTY to successfully implement its business strategy;
(xvi) the inability of NBTY to manage its retail, wholesale,
manufacturing and other operations efficiently; (xvii) consumer
acceptance of NBTY's products; (xviii) the inability of NBTY to
renew leases on its retail locations; (xix) inability of NBTY's
retail stores to attain or maintain profitability; (xx) the absence
of clinical trials for many of NBTY's products; (xxi) sales and
earnings volatility and/or trends; (xxii) the efficacy of NBTY's
Internet and on-line sales and marketing; (xxiii) fluctuations in
foreign currencies, including the British Pound; (xxiv)
import-export controls on sales to foreign countries; (xxv) the
inability of NBTY to secure favorable new sites for, and delays in
opening, new retail locations; (xxvi) introduction of new federal,
state, local or foreign legislation or regulation or adverse
determinations by regulators anywhere in the world (including the
banning of products) and more particularly the Food Supplements
Directive and the Traditional Herbal Medicinal Products Directive
in Europe; (xxvii) the mix of NBTY's products and the profit
margins thereon; (xxviii) the availability and pricing of raw
materials; (xxix) risk factors discussed in NBTY's filings with the
U.S. Securities and Exchange Commission; (xxx) adverse effects on
NBTY as a result increased gasoline prices and potentially reduced
traffic flow to NBTY's retail locations; and (xxxi) other factors
beyond NBTY's control. Readers are cautioned not to place undue
reliance on forward-looking statements. NBTY cannot guarantee
future results, trends, events, levels of activity, performance or
achievements. NBTY does not undertake and specifically declines any
obligation to update, republish or revise forward-looking
statements to reflect events or circumstances after the date hereof
or to reflect the occurrences of unanticipated events. DATASOURCE:
NBTY, Inc. CONTACT: Harvey Kamil, President and Chief Financial
Officer NBTY, Inc., +1-631-244-2020; or Carl Hymans of G.S.
Schwartz & Co., +1-212-725-4500, Web site: http://www.nbty.com/
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