Source: LOHAS Weekly Newsletter
Published: Saturday, November 01, 1997

BOCA RATON, FL—Rexall Sundown Inc. (RXSD) announced record results for its 4Q and FY ended Aug. 31.

For the quarter, net income was a record $10 million or $.29/share, a 53% increase over net income of $6.5 million or $.21/share in 4Q96. Net sales were up 54% to $79.2 million—also a record. Sales to retailers increased 64%, and direct sales through Rexall Showcase Intl. were up 51% in the quarter.

For FY97, RXSD earned $35.1 million or $1.03/share, up 73% from $20.3 million or $.66/share in the prior year. Net sales rose 41% to $263.4 million in FY97.

According to Chris Nast, president and CEO, one of the quarter’s highlights was the launch of the company’s first national advertising campaign, a $1.2 million campaign to support Osteo-Bi-Flex, which generated approximately $5 million in sales.

The company reported a two-for-one stock split on Oct. 23.