Last $12.12 USD
Change Today +0.07 / 0.58%
Volume 52.2K
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

inventure foods inc (SNAK) Key Developments

Inventure Foods, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Earnings Guidance for the Full Year of 2014

Inventure Foods, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net revenues of $71.852 million compared to $53.677 million a year ago. Operating income was $4.432 million compared to $2.247 million a year ago. Income before income taxes was $3.848 million compared to $2.076 million a year ago. Net income was $2.472 million or $0.12 per diluted share compared to $1.407 million or $0.07 per diluted share a year ago. EBITDA was $6.438 million compared to $3.582 million a year ago. The improvements to EBITDA are primarily due to increased focus on improving operational efficiencies and volume increase. The increase in net Revenue was due to a 57.5% increase in the healthy/natural product portfolio, partially offset by the company's decision to discontinue approximately $1.5 million in lower margin sales. For the six months, the company reported net revenues of $139.361 million compared to $102.214 million a year ago. Operating income was $7.597 million compared to $4.115 million a year ago. Income before income taxes was $6.343 million compared to $3.724 million a year ago. Net income was $4.069 million or $0.20 per diluted share compared to $2.463 million or $0.13 per diluted share a year ago. EBITDA was $11.520 million compared to $6.665 million a year ago. The year-to-date increase in net Revenue was largely driven by a 16.9% increase in the healthy/natural portfolio. The company fully expects the momentum it has built in the first half to continue for the balance of the year. The company to generate healthy EBITDA growth through a focus on strong sales growth, enhancing margins and leveraging the capabilities of acquired businesses.

Inventure Foods, Inc. to Report Q2, 2014 Results on Jul 31, 2014

Inventure Foods, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 31, 2014

Inventure Foods, Inc., Q2 2014 Earnings Call, Jul 31, 2014

Inventure Foods, Inc., Q2 2014 Earnings Call, Jul 31, 2014

Inventure Foods, Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 09:00 AM

Inventure Foods, Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 09:00 AM. Venue: InterContinental Hotel, 510 Atlantic Avenue, Boston, MA 02210, United States. Speakers: Steve Weinberger, Chief Financial Officer, Principal Accounting Officer, Senior Vice President, Treasurer and Secretary, Terry McDaniel, Chief Executive Officer, President and Director.

Inventure Foods, Inc. to Introduce Vitamin-Enhanced Whole Fruit Under Rader Farms(R) Brand

Inventure Foods, Inc. announced that the company is advancing the frozen fruit category with the introduction of Rader Farms(R) Fruit PLUS Vitamins(TM), the first-ever fortified whole frozen fruit product. Using proprietary technology and topical nutrients sourced from whole fruits and vegetables, Fruit PLUS Vitamins builds on naturally-occurring vitamins found within whole strawberries, blueberries and blackberries and boosts the nutrition level with five additional vitamins, including B1, B6, D, E and K. Available in Strawberries & Blueberries and Mixed Berry Blend (featuring strawberries, blueberries and blackberries), the Fruit PLUS Vitamins line is currently available in grocery store freezers in select markets with a suggested retail price of $7.99 per 21-ounce package. While a one-cup serving of traditional mixed strawberries and blueberries may provide 65% of the daily recommended value (DV) of Vitamin C and 2% DV of Vitamin A, a single one-cup serving of Fruit PLUS Vitamins offers: Vitamin A = 125% DV, Vitamin B1 = 145% DV, Vitamin B6 = 145% DV, Vitamin C = 250% DV, Vitamin D = 175% DV, Vitamin E = 105% DV, Vitamin K = 50% DV. The additional nutrients are extracted naturally from a blend that includes cranberries, orange, shitake mushrooms, pomegranates and other fruits that are topically applied to the berries. The process boosts nutritional value without altering the appearance or taste of the naturally sweet fruit that Rader Farms is known for.

 

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