American Italian Pasta (AITP) Reports Q2 Revenues
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American Italian Pasta Company (OTC: AITP) reports Q2 revenues of $139.6 million. Revenues were up 44.2% as compared to the second quarter of fiscal year 2007. Revenues were significantly impacted by general price increases implemented in the period and were partially offset by a volume decline of 1.3%, as compared to the second quarter of fiscal year 2007.
The Company noted that all of the above financial data are unaudited and subject to adjustment, and that its final financial statements could differ materially from this preliminary data. Possible adjustments relate to promotional expenses, accounting period cutoff procedures, equity-based compensation accounting, and other issues resulting from the previously announced Audit Committee investigation.
American Italian Pasta Company is primarily a producer and marketer of dry pasta in North America.
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