Snack maker Golden Enterprises has reported a move into loss for the first quarter ended 2 September 2005, because of the effect of increased fuel costs.
Net sales were $26.03m, compared with $24,77m in the equivalent quarter last year. But the company reported a loss of $64,242, compared with a profit of $118,175 in the year earlier period.
During the first quarter, gross margins increased $59,894, or 1%, compared to the prior year quarter. Higher sales volume and improvement in pricing continues to offset promotional spending.
Selling, general and administrative expenses increased $416,074, or 4%, due to substantial increases in fuel cost, the company said.
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.
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