US ice cream maker Dreyer’s Grand Ice Cream has announced results for the fourth quarter and fiscal year ended 25 December 2004 showing a sharp increase in losses.
The company’s net loss in the quarter was $28.3m, compared with $10.9m in the year earlier period. The loss for the year as a whole was $89.89m, compared with $75.74m for the year earlier.
Net sales were $339m in the quarter, compared with $365m in the same period of the previous year. Sales for the year as a whole were $1.548bn, compared with $1.148bn in the previous year.
“This strong growth was driven by the continued success of Dreyer’s and Edy’s Slow Churned Light ice cream, growth of Dreyer’s and Edy’s classic premium ice cream, and the ongoing resurgence of the Haagen-Dazs ice cream brand,” the company said.