quarterly earnings

Gulp: NBTY posts sales drop, plunge in net income

They might wish they’d sold Vitamin World a little sooner. Just one week after announcing it was selling its retail business to a subsidiary of New York City investment group Centre Lane Partners, Ronkonkoma-based dietary supplement manufacturer NBTY Inc. on Wednesday reported an 89.4 percent reduction in net income for the quarter ended Dec. 31, the first quarter of the company’s 2016 fiscal year. NBTY, launched in 1971 as Nature’s Bounty Inc., claimed net income…