primenewswire.com
Jul 23, 2008
Zicam Retail Consumer Sales Increased 21 Percent for the 12 Weeks Ended June 15, 2008 SCOTTSDALE, Ariz., July 23, 2008 (PRIME NEWSWIRE) -- Matrixx Initiatives, Inc. (Nasdaq:MTXX), an over-the-counter healthcare company that develops and markets products that provide consumers with "better ways to get better(r)," today announced its financial results for the fiscal 2009 first quarter ended June 30, 2008. For the quarter ended June 30, 2008, the Company reported net sales of approximately $8.5 million, compared to net sales of $8.6 million for the quarter ended June 30, 2007. Net sales for the quarter ended June 30, 2008 include an incremental return reserve of approximately $1 million for discontinued products that we anticipate will be returned as retailers reset their cough and cold aisles. Due to the seasonal nature of the...
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