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Coty Brands Boost Ascendia's Third Quarter

Published February 7, 2008
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Ascendia Brands, Inc. reported preliminary operating results for its 13 weeks that ended Nov. 24, 2007. Consolidated net sales increased by $32.7 million—from $24.5 million to $57.2 million. The Calgon and The Healing Garden brands—acquired from Coty Inc. in February 2007—contributed $34.4 million to the current quarter net sales.

Consolidated gross profit increased by $4.9 million to $8.6 million. However, the third quarter gross profit margin dropped slightly to 15.1% compared to 15.3% in the prior year. The gross profit was favorably impacted by the acquired Coty brands, which contributed $6.2 million to the current quarter at the company.

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