SNAK..$3.40
The Inventure Grp beats by $0.01, beats on revs (3.30)
Briefing.com - Apr 22 at 09:05
Company Symbols: NASDAQ-SMALL:SNAK, NYSE:BKC, NASDAQ-NMS:JMBA
Reports Q1 (Mar) earnings of $0.07 per share, $0.01 better than the two analyst est of $0.06; revenues rose 5.7% year/year to $31.4 mln vs the $30.4 mln two analyst est. "Recognizing that T.G.I. Friday's and BURGER KING did not deliver revenue growth in line with recent historical levels, we remain fully committed to growing these brands and are confident that new product development and growing distribution channels will offset any negative trends in specific channels... Looking ahead, in addition to driving our base business, we have a strong line up of new products scheduled to be launched this summer. We are also rolling out our new line of Jamba(TM) make at home smoothie kits in strategic West Coast markets. We have exceeded internal projections for customer acceptance and will support this launch with strong trade and consumer programs. We are confident in our teams' ability to continue to drive strong revenue and profit growth for the balance of this year."
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