USA: Yocream sales higher, but losses rise in Q1
US frozen dessert company Yocream International has reported first quarter sales up 1.6% at $3,506,000, but high marketing and selling expenses meant an increased loss in the quarter, ended 31 January 2005.
"Frozen yogurt sales increased 17.5% due to continued growth in wholesale club, healthcare/institutions, and other foodservice sectors," stated Douglas Caudell, CFO. "This offset the decreases in sales of Coffee Latte Freeze, which was discontinued in 2004, and 5% ice cream, because a Midwest restaurant chain elected not to renew its contract that ended in December 2004."
Net loss for the quarter was $68,700, compared with a net loss of $8,500 for the same period last year. "As expected, selling and marketing expenses were higher in the first quarter of 2005 compared to 2004," said Tyler Bargas, director of sales.
Sectors: Ice cream
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