Inventure Foods (SNAK) Misses Q1 EPS by 1c
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Inventure Foods Reports First Quarter 2015 Financial Results
May 7, 2015 8:00 AM EDTPHOENIX, May 7, 2015 (GLOBE NEWSWIRE) -- Inventure Foods, Inc. (Nasdaq: SNAK) ("Inventure Foods" or "the Company"), a leading specialty food marketer and manufacturer, today reported financial results for the first quarter ended March 28, 2015.
First Quarter 2015 Highlights
Net revenues increased 15.0% to $77.6 million. Diluted loss per share was $0.75, primarily due to the product recall costs, intangible asset impairment and planned incremental slotting and promotional trade spend investments. Adjusted diluted earnings per share* was $0.06, inclusive of $0.05 per share associated with planned incremental slotting and promotional trade spend investments.... More