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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (78957)	1/13/2000 4:03:00 PM
From: Doug Robinson	Read Replies (1) \| Respond to of 120523

Now that was fun! Can't wait until tomorrow!

To: nokomis who wrote (78957)	1/13/2000 4:09:00 PM
From: Northern Cougar	Read Replies (1) \| Respond to of 120523

Nok ...PLXT I noticed the Joe K comments I'll have to see . I got lots of CLRS on the bounce. Following OJ and his P&F on this one. He has been right all a long on CLRS. :) N.C.

To: nokomis who wrote (78957)	1/13/2000 5:01:00 PM
From: Ron	Read Replies (1) \| Respond to of 120523

CTEA came in well above earnings estimate. Stock is moving nicely..fyi BOULDER, Colo., Jan. 13 /PRNewswire/ -- Celestial Seasonings, Inc. (Nasdaq: CTEA) today reported that earnings for its first quarter ended December 31, 1999 were $3.5 million, or $0.40 diluted earnings per share, an increase of 35.7% as compared to earnings of $2.6 million, or $0.30 diluted earnings per share, for the quarter ended December 31, 1998. The company reported that net sales decreased by 5.3% to $35.7 million in the first quarter of this year from $37.7 million in the first quarter of last year. Net sales from the company's tea products increased by 2.7% to $34.0 million in the first quarter of this year from $33.1 million in the same quarter last year. Net sales from supplements products decreased to $1.7 million in the quarter ended December 31, 1999 compared to $4.6 million in the first quarter last year. Stephen Hughes, President and CEO, said, "We are pleased with the earnings results for the first quarter of fiscal year 2000. Despite a period when retailers adjusted their inventory levels downward on tea, and an unseasonably warm November, that resulted in slower tea revenue growth, gross margins improved and operating expenses were kept well in control through manufacturing efficiencies and reductions in advertising expenses." The company reported that, according to the industry source IRI, consumption in the specialty tea segment was up 13.9% in the first quarter and Celestial Seasonings was up 16.5% as compared to the same quarter last year. The company said that its dollar share of the specialty tea segment in the combined mass, drug and grocery channels increased to 32.5%, up 0.7 share points from last year, according to IRI. In addition, Celestial Seasonings increased its #1 share position in two emerging tea growth segments: green tea (32.6% share) and wellness tea (49.6% share). Mr. Hughes added, "The results from our 60-count dietary supplements products were in line with our expectations. During the quarter, 60-count supplements results were breakeven. The retail conversion from 30-count to 60-count product has been going well and we expect the transition to be complete in the second quarter of this fiscal year." Celestial Seasonings, Inc. is the largest manufacturer and marketer of specialty hot teas in the United States. The company makes a broad selection of flavorful Herbal, Green, Wellness, Organic, and Chai teas. The company's most recognized tea products include Sleepytime(R) -- America's favorite herb tea -- Lemon Zinger(R), Red Zinger(R), and Tension Tamer(R). The company also markets a line of herbal supplements including Ginseng Energy(TM), Gingko Sharp(TM) and Mood Mender(TM) with St. Johns Wort.