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Smart Balance net falls, but sales rise 29%
date:Aug 03, 2012
Costs associated with the acquisition and integration of Udis Healthy Foods, L.L.C. affected the most recent quarter adversely.
Net sales totaled $75,989,000, up 29% from $59,021,000.
Our results were in line with our expectations, said Stephen Hughes, chairman and chief executive officer. In the quarter, our natural brands Glutino and Earth Balance reported strong net sales increases of 31% and 27%, respectively. While our spreads and grocery categories reported flat sales, we managed to deli

12/26 04:40