Horizon Organic, which markets organic food brands, said it increased fourth quarter earnings from continuing operations by 10% to US$1.4m, compared to $1.3m in the fourth quarter of 2001.
Sales increased 21% in the fourth quarter to $53.0m.
For the year, earnings from continuing operations more than doubled to $3.6m, from $1.7m a year earlier. Full year sales grew 18% to $187.5m from $158.9m in 2001. Horizon said that both fourth quarter and year-end earnings results met analysts’ consensus estimates.