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Article: Horizon Organic Dairy Posts 75% Sales Growth and Record Profits in Second Quarter.
- Article from:
- Business Wire
- Article date:
- July 29, 1999
CopyrightCOPYRIGHT 1999 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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BOULDER, Colo.--(BUSINESS WIRE)--July 29, 1999--
Horizon Organic Holding Corporation (Nasdaq National Market:HCOW), the nation's leading organic dairy, today announced results for its fiscal 1999 second quarter and first half ending June 30, 1999.
For the second quarter, net sales increased 75% to a record $20.6 million from $11.8 million for the same period a year ago. Operating income for the second quarter of 1999 was $1.13 million, up 101% over the comparable quarter in 1998. Horizon reported a second quarter 1999 net income of $666,000 compared to a second quarter 1998 net loss of $93,000. Basic and diluted per share earnings for the second quarter ...