Inventure Foods (SNAK) Misses Q3 EPS by 8c
Get Alerts SNAK Hot Sheet
Financial Fact:
Income before income tax provision: -3.65M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Inventure Foods (NASDAQ: SNAK) reported Q3 EPS of ($0.05), $0.08 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $66.5 million versus the consensus estimate of $74.12 million.
“Although our business continued to face certain challenges, our efforts to drive improvement across key areas of our business resulted in increased revenues for our Boulder Canyon, Jamba, and Rader Farms brands,” said Terry McDaniel, Chief Executive Officer of Inventure Foods. “Additionally, we achieved margin expansion of approximately 300 basis points in the Snack products segment, as a result of the strategic investments we made to increase kettle capacity at our Bluffton, Indiana facility to meet strong consumer demand.”
Mr. McDaniel continued, “Our management team continues to evaluate opportunities for growth, increased productivity, operational improvements, and in turn profitability expansion. Our team remains focused on expanding distribution of our frozen and snack product portfolios to drive sales, strengthen our business, and drive long-term value creation for our shareholders.”For earnings history and earnings-related data on Inventure Foods (SNAK) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Equity Residential (EQR) Tops Q1 EPS by 44c; offers guidance
- Veritex Holdings (VBTX) Misses Q1 EPS by 2c
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!