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Article: Delta Beverage Group, Inc. Announces Fourth Quarter 1997 Results
- Article from:
- PR Newswire
- Article date:
- March 4, 1998
CopyrightCOPYRIGHT 1998 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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MEMPHIS, Tenn., March 4 /PRNewswire/ -- Delta Beverage Group, Inc. today announced record net sales and operating income for the fourth quarter and year ended December 31, 1997.
Net sales of Delta Beverage Group, Inc. (and its majority owned subsidiary, The Pepsi-Cola/Seven-Up Beverage Group of Louisiana, collectively "the Company") for the fourth quarter 1997 were $76.7 million as compared to $72.4 million for the same period in 1996, an increase of 5.9%. Gross profit increased 19.4% to $25.9 million for fourth quarter 1997 as compared to $21.7 million for fourth quarter 1996. The increase in net sales resulted from strong demand for the Company's ...
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