US marketer of organic foods Horizon Organic has reported a first-quarter profit, compared to a year-earlier loss, helped by higher demand for organic foods.
The company reported net income of US$187,000, compared to a year-ago loss of $1.7m, reported Reuters.
Earnings from continuing operations were $995,000, compared to $845,000 a year earlier. The company’s first-quarter sales increased to $51.8m from $42.2m in the year-ago period.
Horizon Organic forecast a 2003 sales rise of between 20% and 25%, while earnings per share from continuing operations are expected to rise around 20%. The company has targeted earnings from continuing operations of between 7 and 8 cents a share for the second quarter.
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.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
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