date:Aug 12, 2013
Strong retail execution, including positive trends in the companys macaroni and cheese business, contributed to improved adjusted income and sales in the first quarter of fiscal 2014 at Annies, Inc., even as earnings eased. Net income in the first quarter ended June 30 was $2,029,000, equal to 12c per share on the common stock, down 5% from $2,131,000, or 13c per share, in the same period a year ago.
Adjusted income in the first quarter totaled $2,219,000, up from $2,144,000.
Net sales, meanwh