Inventure Foods (SNAK) Reports Q2 Loss of $0.01/Share
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Inventure Foods Reports Second Quarter 2016 Financial Results
July 27, 2016 7:02 AM EDTPHOENIX, July 27, 2016 (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 second quarter and six months ended June 25, 2016.
Second Quarter 2016 Highlights:
Consolidated net revenues increased 4.3% to $69.3 millionNet loss of $(0.3) million, or $(0.01) loss per shareEBITDA* of $3.6 millionHealthy/natural products net sales increased 9.3%Frozen fruit net revenues increased 7.4%Rader Farms branded net revenues increased 158.8%Snack segment gross margin increased 250 basis points to... More