Friday August 3, 2012
Inventure Snacks Revenue Flat In Q2
Phoenix — Inventure Foods, Inc.’s snacks division saw flat net revenue during the second quarter, totaling $24.8 million, compared with $24.9 million during the previous comparable period.
The company says its Boulder Canyon Natural Foods net revenue was down 1.8 percent and was offset by a 10.8 percent increase in premium private label sales.
Terry McDaniel, CEO, says: “Sales were down in the quarter due to packaging transitions and increased price competition. We continue to focus on expanding this brand.”