US snack and frozen food maker iNVENTURE Foods today (31 July) reported higher half-year sales and profits.
Inventure saw its net income leap 65.2% to US$4.1m in the six months to 28 June. Its operating profit growth was even stronger, up 84.2% at US$7.6m. Profits were helped by higher margins from Inventure’s snacks business as it put more emphasis on higher-margin products.
Net revenues increased 36.3% to $139.4m, the company, which makes Boulder Canyon Natural Foods and TGI Friday’s snacks, said.
Shares in Inventure were up 5.71% at US$12.04 at 13:38 EDT.