US pasta maker American Italian Pasta has announced its financial targets and company objectives for fiscal 2004, which includes working on new reduced-carb products.


“Given heightened carbohydrate awareness and the increasing negative impact on pasta consumption of consumer diet trends, we have been directing a significant company-wide effort towards development of a portfolio of new products that respond to these trends,” American Italian Pasta said in a statement.


The company expects to be selling these new reduced carbohydrate products in all channels by the end of the second quarter. The company already ships “low carb” products to Atkins under their brand.


American Italian Pasta said it had recently been awarded increased allocations of private label volume and market share at Kroger (Western US divisions), Ahold, and Save-A-Lot, that will begin to ship in the second fiscal quarter.


Additionally, the company expects to generate meaningful growth from Sysco’s expansion into Canada, the full-year benefit of its General Mills contract, continued growth with Wal-Mart and other channel retailers, and the strong performance of its Italian business unit.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

However, the company also expects a more challenging pasta category and market environment, due to the impact on pasta consumption of current consumer diet trends; difficult competitive, financial and labour environments for a number of its retail customers; and continued channel shifting by consumers to outlets that focus on lower prices.


American Italian Pasta said it expects fiscal 2004 sales of US$490-520m, a rise of 11-18% from the previous year, and earnings per share of between $2.55 and $2.70, a rise of 10-17% from the previous year.