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Physicians Formula Posts Latest Financial Report

Minerals and organics add boost to company sales

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By: Jamie Matusow

Editor-in-Chief

Physicians Formula Holdings, Inc. announced financial results for the three and six months ended June 30, 2008.

Net sales for the second quarter of 2008 were $22.9 million—an increase of 3.6%, while net sales for the first six months of 2008 jumped 13.3% to $65.5 million.

Additions to the Mineral Wear line as well as the launch of the Organic Wear collection contributed to the market gain, said the company.

In other news, due to a weaker demand for higher-priced promotional kits, Physicians Formula is revamping its full year 2008 net sales outlook to between $120 million and $123 million, representing an increase between 8% and 10% over 2007. The company’s previous 2008 outlook estimated net sales to be in the range of $123 million and $125 million.

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