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Article: Galaxy Foods sees sales volume rising steadily.
- Article from:
- Business Wire
- Article date:
- February 12, 1996
CopyrightCOPYRIGHT 1996 Business Wire. 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)
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ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 12, 1996--Galaxy Foods Co. (NASDAQ:GALX) Monday announced that the company is currently shipping product to a national fast food restaurant chain at a rate of $120,000 per week or $6,240,000 annualized.
The company expects sales to this prestige account to reach an annualized rate of approximately $30 million by mid-1996.
"This increase in shipments represents a 600% increase in total sales compared to sales for our last fiscal year. The company has delivered regarding this major food service account," said Angelo S. Morini, the company's chairman. He further stated: "Due to circumstances beyond our control, it took a ...
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