Utah-based whole foods group Whole Living has posted a 50% rise in revenues in the first quarter of 2006 to US$1.03m, from $0.69m in the fourth quarter of 2005. The company said that its total assets grew during the quarter from $0.84m to $3.21m.
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“We are very excited with our first quarter success and how quickly implemented programmes drove results,” said CEO Ron Williams. “The financials for the quarter reflected several one-time non-recurring charges associated with restructuring, integrating our facilities, and consolidating overall operations. Second-quarter results will show cost savings and more accurately reflect the company operations.”
Williams said he expected the first half of 2006 to lay the groundwork for significant growth during the remaining year. “Our focus on the bottom line, combined with tours and conferences to attract new distributors and open new markets, will result in substantial sales increases during the second half of the year,” he said. “We are already seeing the benefits of these programmes, but the real impact will take place once our distributors fully integrate their networks.”
Whole Living, which includes the beverage FrequenSea and the Pulse whole food snack brand among its products, attributed the growth in the first quarter to its recent reorganisation which included acquiring a 23% stake in Forevergreen International LLC., streamlining operations, introducing new products, and appointing a new management team.
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By GlobalData
