US luxury ice cream company Dreyer’s Grand Ice Cream has posted a second-quarter loss, due in part to severance, research, impairment and other expenses.

Oakland, California-based Dreyer’s reported a loss of US$47.2m, or 72 cents a share, for the quarter to 28 June, compared with a profit of $3.4m, or 5 cents a share, a year earlier.

Sales fell to $176.8m, compared to $198m a year earlier, reported Reuters.

Swiss food giant Nestlé completed its $2.5bn takeover of Dreyer’s at the end of June.