Last $12.77 USD
Change Today +0.06 / 0.47%
Volume 55.3K
SNAK On Other Exchanges
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As of 8:10 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

5415 East High Street

Suite 350

Phoenix, AZ 85054

United States

Phone: 623-932-6200

Fax: 602-522-2690

Inventure Foods, Inc. manufactures and markets healthy/natural and indulgent specialty snack food brands. Products In the healthy/natural portfolio, the company’s products include Rader Farms frozen berries, Boulder Canyon Natural Foods brand kettle cooked potato chips, Jamba branded blend-and-serve smoothie kits under license from Jamba Juice Company and private label frozen fruit and healthy/natural snacks. In the Indulgent Specialty category, the company’s products include T.G.I. Friday’s brand snacks under license from T.G.I. Friday’s Inc., BURGER KING brand snack products under license from Burger King Corporation, Nathan’s Famous brand snack products under license from Nathan’s Famous Corporation, Vidalia brand snack products under license from Vidalia Brands, Inc., Poore Brothers kettle cooked potato chips, Bob’s Texas Style kettle cooked chips, and Tato Skins brand potato snacks. During 2012, the company launched new items under its existing brands. In its Snack segment this included: Boulder Canyon Natural Foods Garden Select Vegetable Crisps with flavors Sour Cream & Chive, Hearty Cheddar and Red Ripe Tomato; Boulder Canyon Natural Foods Kettle Cooked Canyon Cut with flavors Totally Natural, Honey Bar-B-Que and Sour Cream & Chive; T.G.I. Friday’s Onion Rings and Cheddar Cheese Fries; and Nathan’s Famous Crunchy Crinkle Fries with flavors Cheddar Cheese, Honey Mustard and Chili Cheese. The company also launched Vidalia Onion Petals pursuant to its license agreement with Vidalia Brands, Inc. and Jamba Multigrain Fruit Crisp flavors Blueberry Blast and Cranberry Crave, pursuant to its license agreement with Jamba Juice Company. In its Frozen segment, new items under its existing brands include Jamba Orange Dream Machine, Acai Greek and Pomegranate Greek at home frozen smoothie kits. These Jamba branded blend-and-serve smoothie kits provide a full serving of fruit and 100% Daily Value of vitamin C. The company also added Rader Farms Organic Blueberries, Organic Superfruit Blend and Dark Sweet Cherries to the line. Strategy The company’s business strategy is to continue building a diverse portfolio of competitively priced healthy/natural food brands (Rader Farms, Boulder Canyon Natural Foods, and Jamba) and indulgent specialty food brands (T.G.I. Friday’s, Nathan’s Famous, Vidalia and Poore Brothers) through expansion of existing brands, licensing, acquisition and development. The goals of its strategy are to capitalize on healthy/natural and indulgent specialty food brand opportunities; deliver incremental category growth for retailers; provide product innovation targeted to a defined consumer segment; complement, rather than compete directly against, large national competitors with national brands; build relationships with major retailers in all channels of distribution by providing them higher margins, excellent customer service and constant innovation; and continue to maintain a diverse set of brands, products, customers and channels. Marketing and Distribution The company sells its products nationally and internationally through channels including: Grocery, Natural, Mass Merchandisers, Drug, Club, Value, Vending, Food Service, Convenience Store (C-Store) and International. Customers The company’s major customer includes Costco. Seasonality The food products industry is seasonal. Consumers tend to purchase its snack products at higher levels during the major summer holidays and also at times surrounding major sporting events throughout the year. Additionally, smoothie sales tend to peak during the warmer summer months. Consumers also tend to purchase fresh berries while in season and therefore the company sees a decline in frozen berry revenue in the summer months. Patents, Trademarks and Licenses The company owns the following trademarks in the United States: Boulder Canyon, Canyon Cut, Rader Farms, Poore Brothers, Intensely Different, Texas Style, Tato Skins, O’Boisies, Pizzarias, and Braids. Competition The snack food industry is large and highly competitive and is dominated by large food companies, including Frito-Lay, Inc., a subsidiary of PepsiCo, Inc., Procter and Gamble, Kellogg’s, ConAgra, Diamond Foods and General Mills. The company’s frozen berry products competitors include Townsend Farms, Sunopta, Cascadia Farms, Wyman’s and Dole. The company’s smoothie kits compete with include Yoplait, a General Mills brand, Dole smoothies and other smaller brands. History Inventure Foods, Inc. was founded in 1986.

 

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SNAK

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Valuation SNAK Industry Range
Price/Earnings 38.0x
Price/Sales 1.1x
Price/Book 4.2x
Price/Cash Flow 37.3x
TEV/Sales 0.8x
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