Scott’s Liquid Gold, Denver, CO, said sales declined nearly 41% in the third quarter to $3.8 million. Net income was off as well, dropping 21% to $741,000.
For the nine months ended Sept. 30, sales declined nearly 32% to $17.7 million. During the period, the company reported a net loss of $2,648,600 compared with net income of $50,300 in the corresponding period of the previous year.
“During the first nine months of 2006, we experienced an increase in sales of our household chemical products primarily because of our introduction of our new mold control product Mold Control 500, while experiencing decreases in sales of our Montagne Jeunesse line of skin care products and our Alpha Hydrox skin care products,” explained Mark E. Goldstein, chairman and chief executive officer of the company. “The loss for 2006 was primarily due to lower sales of the Montagne Jeunesse product line and reduced sales of our Alpha Hydrox skin care line.”