Boulder Brands (BDBD) Misses Q2 EPS 1c, to Explore Strategic Alternatives

Boulder Brands (NASDAQ: BDBD) reported Q2 EPS of $0.00, $0.01 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $117.7 million versus the consensus estimate of $124.38 million.

Boulder Brands, Inc. (BDBD) today announced that its Board of Directors has authorized a process to explore a range of strategic and financial alternatives to enhance shareholder value. The Company has engaged William Blair & Company as its financial advisor to assist with its review of alternatives. The Company has recently received inquiries from a number of qualified parties that expressed interest in discussing a potential transaction with Boulder Brands.

The Company`s independent directors will oversee this process so that management can continue to execute the Company`s ongoing initiatives, increase operational efficiencies, improve financial performance and bolster the position of its brands and business. In addition, the Board has determined to suspend its search for a permanent CEO while it undertakes this process.

The Company stated that no decision has been made and that there can be no assurance that the Board`s exploration of strategic or financial alternatives will result in any transaction being entered into or consummated. The Company has not set a timetable for completion of this process and does not intend to discuss or disclose developments with respect to this process unless or until the Board has approved a definitive course of action or otherwise concludes the review of strategic alternatives.

For earnings history and earnings-related data on Boulder Brands (BDBD) click here.

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