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.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now