YoCream sales climb 18% in fiscal '09
December 2, 2009
by Eric Schroeder
PORTLAND, ORE. — YoCream International, Inc. posted net sales of $50.7 million in the fiscal year ended Oct. 31, up 18% from sales of $43 million in fiscal 2008. The company produces frozen yogurt, desserts and beverages under the YoCream, Fruitquake, Jolly Rancher, Bubble Yum, Twizzlers, Ice Breakers and Jarritos brand names.
“The company continues to grow sales in its core product categories, frozen yogurt and frozen beverage, and management anticipates sustained profitability and double-digit growth in fiscal 2010 based on current market trends,” YoCream said.
The company noted that when audited financial results are released in January 2010, income from operations are expected to be more than $10.5 million, which would compare with income of $7.6 million in fiscal 2008.