US dessert maker YoCream International has insisted a slowdown in its quarterly revenue growth should not be seen negatively and said the prospect of new customers should boost sales.
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The company, which makes a range of desserts, frozen yoghurts and beverages, said sales rose 5.3% to US$16m for the three months to the end of July. Turnover in the first nine months of its fiscal year was up 25.6% at $37.2m.
“The single-digit growth rate in the third quarter is not a negative,” said director of sales Tyler Bargas. “The third quarter merely saw us catch up with last year’s roll out of smoothie sales to a major national account. In fact, sales of our core frozen yogurt products are up 66% in the third quarter.”
However, third-quarter net income dipped from $1.9m to $1.7m. Nevertheless, over the first nine months, net income was up 53.4% at $4.5m.
“We continue to work with large national accounts,” Bargas said. “Four more are in test with different products right now. So we expect steady growth ahead for our core products as well as surges in sales should the national accounts approve the products in test.”
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By GlobalData
