US snack maker Golden Enterprises has booked a drop in profit in its third quarter.
For the thirteen weeks ended 1 March, earnings amounted to US$472,388 compared to a profit of $592,960 last year.
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The company said it invested in R&D in the quarter in an effort to grow the business, and in particular, for the development of its Crinkle Fries brand. The firm also discontinued several partner brands that it said did not reach sales and margin expectations.
Net sales in the period also fell, declining 2% to $33.6m.
