PARK CITY, Utah, Jan. 31 NutraceuticalInternational Corporation (Nasdaq: NUTR) today reported results for the fiscal2008 first quarter ended December 31, 2007. Net sales for the fiscal 2008first quarter were $41.1 million compared to $35.8 million for the samequarter of fiscal 2007. For the first quarter of fiscal 2008, net income was$3.2 million, or $0.28 diluted earnings per share, compared to net income of$3.4 million, or $0.30 diluted earnings per share, for the same quarter offiscal 2007.
Bill Gay, chairman and chief executive officer, commented, "The growth innet sales of approximately 15% for the first quarter of fiscal 2008 comparedto the same quarter of fiscal 2007 reflects the positive contributions of thesix acquisitions completed during fiscal 2007. We remain focused on expandingour branded product sales through innovative marketing and sales programs thatbuild long-term loyalty with our health and natural food store customers.Improved profitability and EBITDA from our acquisitions can normally beachieved within one to two years. Managing controllable expenses and gainingconsolidation synergies from the fiscal 2007 acquired businesses will remain adominant goal for the next few quarters. In spite of the current US economicslowdown, cost pressures and increasing competitive conditions, we remainconfident in our business as we strive to serve our customers and takeadvantage of synergistic opportunities in the Healthy Foods Channel. Weappreciate everyone that has helped us build a strong and successful businessin the nutritional industry."
We are an integrated manufacturer, marketer, distributor and retailer ofbranded nutritional supplements and other natural products sold primarily toand through domestic health and natural food stores. Internationally, wemarket and distribute branded nutritional supplements and other naturalproducts to and through health and natural product distributors and retailers.Our core business strategy is to acquire, integrate and operate, frombeginning to end, the manufacturing, marketing and distribution of brandednutritional supplement businesses in the natural products industry. Webelieve that the consolidation and integration of these acquired businessesprovides ongoing financial synergies through increased scale and marketpenetration, as well as strengthened customer relationships.
We sell branded nutritional supplements and other natural products underthe trademarks Solaray(R), VegLife(R), KAL(R), Nature's Life(R), SunnyGreen(R), Action Labs(R), Natural Balance(R), NaturalMax(R), bioAllers(R),Herbs for Kids(TM), Natra-Bio(R), NaturalCare(R), Zand(R), Life-flo(R),Larenim(R), Living Flower Essences(R), Pioneer(R), Thompson(R), NaturalSport(R), Supplement Training Systems(R), Premier One(R), Montana Big Sky(TM),ActiPet(R), FunFresh Foods(TM), Dowd & Rogers(TM), CompliMed(R), AllVia(TM),Healthway(R), Body Gold(R), Sayge Biosciences(TM), Monarch NutritionalLaboratories(TM) and Great Basin Botanicals(TM). Under the name WoodlandPublishing(TM), we publish, print and market a line of books and booklets to,among others, book distributors, national retail bookstores and health and
natural food stores. We also distribute branded products of certain thirdparties.
We own neighborhood natural food markets, which operate under the tradenames The Real Food Company(TM), Thom's Natural Foods(TM) and CornucopiaCommunity Market(TM). We also own health food stores, which operate under thetrade names Fresh Vitamins(TM), Granola's(TM) and Pilgrim's Natureway(TM).
We manufacture and/or distribute one of the broadest branded product linesin the industry with over 3,900 SKUs, including over 700 SKUs soldinternationally. We believe that as a result of our emphasis on innovation,quality, loyalty, education and customer service, our brands are widelyrecognized in h