Weider Plans To Invest in Top Line Revenues

Weider Plans To Invest in Top Line Revenues

SALT LAKE CITY--Weider Nutrition InternationalInc. (NYSE:WNI) announced Dec. 19 that for its second quarter (2Q03), ended Nov.30, the company is committed to growing top line revenues to aid its softsupplement sales.

Sales for the quarter were down almost 16 percent to $64.1million from $76.2 million, although gross margin improved to 37.6 percent ofsales from 33.1 percent. Operating expenses were curbed to $18.2 million from$24.5 million, aiding earnings in the end. Net profit came in at $2.3 million,or $.09 per share earned, from 2Q02's net loss of $3.9 million, or $.15 pershare lost.

Bruce Wood, president and chief executive officer, stated thatthe company was encouraged by its fiscal 2003 so far. "More recently, weare encouraged by the renewed growth of the supplement category in the massmarket," he said. "[However], we are not satisfied with our revenuetrend, and we are committed to the objective of growing our top linerevenues."

He added that the company plans to implement marketing and newproduct plans in the second half of FY03.

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