USA: Weider says Q4 losses increase on unusual items
Salt Lake City-based Weider Nutrition International, developer, manufacturer and marketer of vitamins and nutritional supplements, has posted net sales of US$79.4m for its Q4 ended 31 May, a fall from US$89.9m year on year. Weider reported a net loss of US$4.6m, US$0.17 per share, for the Q4 2002, compared to a net loss of US$844,000, US$0.03 per share, for the same period a year ago. Unusual charges during the Q4 2002 included a US$9m pre-tax loss for the impairment of assets associated with the sale of the American Body Building and Science Foods brands, and a US$1.8m write-off of previously capitalised financing fees. During the Q4 2001, unusual, non-cash charges included a US$2.2m pre-tax loss on the impairment of certain available-for-sale securities. Excluding these unusual items, Weider's net income per share was US$0.07 and US$0.02, respectively, for the Q4 of FY 2002 and 2001.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- UK's Bakkavor plays down IPO "speculation"
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs