US premium baker Tootie Pie has seen its quarterly losses widen despite a jump in turnover.
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The company posted a net loss before non-cash items of US$208,610 for the three months to the end of September. That figure contrasted with a net loss before non-cash items of $135,626 a year earlier.
However, Tootie Pie said second-quarter revenue had jumped 49% as a result of increased pie sales.
Revenue reached $262,225 compared to $176,080 for the same period in 2007.
Gross profit increased to $161,994 from $61,849 for the same quarter last year. As a result, gross margin after depreciation was 62% of net sales for the quarter.
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By GlobalDataDon Merrill, Tootie Pie’s president & CEO, said: “I am pleased with how well our revenues continue to grow during these off season months. Now we turn our attention to the upcoming holiday selling season.
“In order to assure maximum exposure for our brand, and position Tootie Pie for success in this important season, we invested significant additional resources in sales promotion programmes.”
The company said it has launched “cross promotions” with a number of its brands including Blue Bell ice cream, and has launched its first web-based marketing campaign.
