|
|
Article: CoolBrands bottom line melts with loss of weight watchers.(ICE CREAM SCOOPS)
- Article from:
- Quick Frozen Foods International
- Article date:
- January 1, 2006
CopyrightCOPYRIGHT 2006 E.W. Williams Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Loss of the Weight Watchers franchise was a major factor in red ink run up by dessert maker CoolBrands International for the fourth quarter of 2005. But there were other factors too. The Canadian firm lost $64.1 million, or $1.15 a share, for the quarter and $74.1 million, or $1.32 a share, compared with a year-earlier profit of $23.5 million, or 42 cents a share.
Overall sales at CoolBrands, whose brands include Eskimo Pie and Godiva ice cream, slipped nearly four percent to $124.1 million from $129.1 million. The ...