Galaxy Nutritional Foods, Inc. (AMEX: GXY), a leading producer of nutritious and delicious health-promoting dairy and dairy related alternatives for the retail, foodservice and industrial markets, today reported financial results for its fiscal 2001 third quarter and nine-month periods ended December 31, 2000. The Company announced on January 5, 2001 that it expected sales for the third quarter to be between $11.2 and $11.5 million, and that fully-diluted earnings per share would be between $0.02 and $0.03 per share.