Canadian frozen dessert maker CoolBrands International has posted a 63% increase in quarterly net earnings on a 78% rise in revenues.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


The company reported net earnings of C$14.8m (US$11.3m) for the fourth quarter to 31 August, compared to $9.1m a year earlier.


Revenues were $154.0m, compared to $86.4m a year earlier.


For the full fiscal year 2003, revenues rose 47% to $357.3m, while net earnings increased 51% to $31.7m.


“During fiscal 2003, CoolBrands achieved four major strategic growth objectives. First, we continued to grow our branded consumers products business, focusing particularly on the fast growing, higher margin “better for you” frozen novelty segment, in which CoolBrands now commands the leading share,” said president and co-chief executive David J Stein.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Second, in Americana Foods, we acquired manufacturing capacity for unique, value added frozen dessert products that enhances our ability to market and grow our brands. Third, in Dreamery Ice Cream, Whole Fruit Sorbet and Godiva Ice Cream, we added new brands to our portfolio that give CoolBrands significant share in the super premium and packaged ice cream segments.


“And fourth, CoolBrands became one of only two nationwide ice cream distribution systems providing “direct store delivery” (DSD) service to grocery stores, convenience stores and other retail outlets across the US by acquiring the Haagen-Dazs ice cream distribution system from Nestlé. We expect this enhanced control over the downstream distribution of our brands and partner brands will be a key factor in our future growth,” he added.