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.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now