Schiff posts 46% quarterly net sales increase

 SALT LAKE CITY — Dietary supplement manufacturer Schiff Nutrition International posted a net sales increase of 46% to $85.1 million for its first quarter ended Aug. 31, the company reported Tuesday. 

"Our brand building, innovation and customer initiatives continue to drive MegaRed in heart health, Move Free in joint care, Airborne in immune support and Digestive Advantage in probiotics," stated Tarang Amin, Schiff president and CEO. "Given our first quarter performance and expectations for the balance of the year, we are taking up our fiscal 2013 guidance.”

Schiff upped its net sales growth from a range of 40% to 43% to a range of 43% to 46%. 

Shares of Schiff Nutrition were up $2.02 to $22.92 in mid-afternoon trading.