Inventure Foods (SNAK) Tops Q1 EPS by 2c

Inventure Foods (NASDAQ: SNAK) reported Q1 EPS of ($0.06), $0.02 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $49.6 million, versus $57.2 million reported last year.

• Snack segment net revenues increased 5.1% to $26.2 million
• Boulder Canyon brand net revenues increased 15.3%; Boulder Canyon snack net revenues increased 11.5%
• Snack premium private label net revenues increased 22.8%
• Gross profit as a percentage of net revenues increased 100 basis points to 17.2%
• Net loss from continuing operations was $(1.2) million, or $(0.06) per share
• EBITDA* and Adjusted EBITDA* from continuing operations was $2.8 million and $1.6 million, respectively
• Completed strategic sale of Fresh Frozen business

For earnings history and earnings-related data on Inventure Foods (SNAK) click here.

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