Ben & Jerry's reports cream costs and sales volumes to impact Q3 earnings.SOUTH BURLINGTON South Burlington, city (1990 pop. 12,809), Chittenden co., NW Vt., on Lake Champlain; inc. 1971. Electronic equipment, skiing equipment, and medical instruments are manufactured. Burlington International Airport is there. , Vt.--(BUSINESS WIRE)--Sept. 9, 1996--Robert Holland, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ben & Jerry's Homemade home·made adj. 1. Made or prepared in the home: homemade pie. 2. Made by oneself. 3. Crudely or simply made. Adj. 1. Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BJICA) announced today that the company expects its third quarter earnings to be less than originally anticipated due to high dairy costs and lower than anticipated sales volumes. "Throughout the diary and ice cream industry, companies have felt the impact of sharp increases in dairy costs, especially cream costs, which are a significant component of our cost structure," Holland stated. "We are undertaking actions to balance cost concerns with the realities of our highly competitive marketplace." Holland indicated that third quarter earnings per share are expected to be materially below the $.35 the company earned in the third quarter of 1995. Ben & Jerry's produces superpremium ice cream, ice cream novelties, lowfat and non-fat frozen yogurt and sorbets using Vermont dairy products dairy products dairy npl → produits laitier dairy products dairy npl → Milchprodukte pl, Molkereiprodukte pl , Vermont spring water and high quality natural ingredients. Ben & Jerry's products are distributed nationwide in supermarkets, grocery stores, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , restaurants and other venues. The company franchises Ben & Jerry's scoop shops, including three in Canada. The company is also a joint partner in a production and scoop shop venture in Karelia, Russia; has a licensing agreement with an ice cream manufacturing and marketing company in Israel; and sells its products in the United Kingdom, France and the Benelux countries. CONTACT: Ben & Jerry's Alan Parker, 802/651-9600 x7509 |
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