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Article: Armanino Foods of Distinction, Inc. Announces First Quarter Financial Results
- Article from:
- PR Newswire
- Article date:
- May 8, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. 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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HAYWARD, Calif., May 8 /PRNewswire/ -- Armanino Foods of Distinction, Inc. (Nasdaq SmallCap: ARMF) announced today its revenues, net income and earnings per share for the first quarter ended March 31, 1997.
Net sales for first quarter ended March 31, 1997, were $3,339,613 as compared to $3,385,199 for the same period of 1996. The decrease in sales was primarily due to the decrease of sales of pasta. The sales of meatballs decreased slightly in the first quarter due to stronger sales in the fourth quarter of 1996, which caused customers to carry larger than normal inventories into the first quarter. The sales of pesto sauces showed an increase of 10% in the ...