US ice cream firm Dreyer’s Grand Ice Cream Holdings has posted a loss for the third quarter, hit by costs relating to its merger with Nestlé, severance and research.
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Dreyer’s posted a third-quarter net loss of US$65m, compared to a loss of $47.9m a year earlier.
The company, created through the recent merger of the original Dreyer’s and the US arm of Swiss food giant Nestlé, now controls the US frozen dessert business of both Dreyer’s and Nestlé. As a result of the combined businesses, total quarterly net revenue rose to $514.9m, from $180.8m a year earlier, reported Reuters.
