IN THE NEWS
Acquired Coty Brands Boost Ascendia’s Third Quarter
2008-01-11 | 09:16
Ascendia Brands, Inc. reported preliminary operating results for its 13 weeks that ended Nov, 24, 2007.
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.
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