US ice cream maker Dreyer’s Grand Ice Cream Holdings has announced a rise in sales, but increased losses for the first quarter ended 26 March 2005.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Total net revenues were $345m in the first quarter, up from $338m in the same quarter a year earlier. The company’s net loss rose to $31m from $19m in the same period a year ago.
“Net sales of company brands, including owned, licensed and joint venture brands of packaged ice cream and frozen snacks, increased 14% for the first quarter of 2005 compared with the prior year period,” the company said. “This strong growth was driven by the continued success of Dreyer’s and Edy’s Slow Churned Light ice cream, double-digit growth of Dreyer’s and Edy’s classic premium ice cream, and the ongoing resurgence of Haagen-Dazs branded products.”
Cost of goods sold increased $22m, or 7%, to $339m for the first quarter of 2005. “The increase was driven by increased sales, higher product costs, including an approximate $4.4m increase in the cost of cream, and higher distribution expenses,” it said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
