Physicians Formula reports year-end sales increase

AZUSA, Calif. Physicians Formula on Monday announced its fourth-quarter and year-end results for the period ended Dec. 31, 2007. Net sales for the fourth quarter were $33.9 million, an increase of 27.9 percent from $26.5 million for the same period in 2006. Net sales for the fiscal year 2007 were $111.5 million, an increase of 16.9 percent from $95.4 million for the same period in 2006.

Gross sales for the fiscal year 2007 were $156.2 million, an increase of 20.8 percent from $129.3 million for the same period in 2006. Excluding a one-time charge and a no-cash charge for stock-based compensation, adjusted net income per diluted common share would have been $0.77 for the fiscal year 2007.

"I am very pleased with the strong fourth-quarter demand for our existing product line, as well as the successful sell-in of the new 2008 products," stated Ingrid Jackel, chief executive officer and newly appointed chairwoman, as of Jan. 29. In December, Physicians Formula began shipping an extension of the Mineral Wear line and the new Organic Wear line.

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