US meat and poultry processor Diamond Ranch Foods said it is confident of forecasting double-digit sales growth in each of the next four quarters.
The firm today (19 April) set out its goals and growth objectives for the firm’s 2011 fiscal year beginning 1 April.
Go deeper with GlobalData
The company said it is “actively perusing profitable merger and acquisition candidates” that will directly benefit the company’s existing customer’s “high quality” food needs and/or expand Diamond’s regional client footprint.
“The company’s revenue and earnings outlook for the fiscal year ahead are extremely positive. We have streamlined operations, expect to conclude our initial expansion initiatives shortly and are currently involved with some very promising, potential acquisition candidates, any of which should add significant shareholder value,” said Louis Vucci, president and CEO of Diamond Ranch Foods.
In addition, the firm said it is finalising “diversity plans” to its existing product lines and expects to begin offering more variety shortly.
It also added that the company is expanding production capabilities and will begin “ramping up the size of its sales force” to meet the expected higher demand from more products and new customers.
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
