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Cuisine Solutions Reports Second Quarter Fiscal 2007 Results.


Premium, Fully-Cooked, Frozen Food Manufacturer's Sales up 40.1% and Net Income up 106.7%

ALEXANDRIA Alexandria, city, Egypt
Alexandria, Arabic Al Iskandariyah, city (1996 pop. 3,328,196), N Egypt, on the Mediterranean Sea. It is at the western extremity of the Nile River delta, situated on a narrow isthmus between the sea and Lake Mareotis (Maryut).
, Va. -- Cuisine Cuisine (from French cuisine, "cooking; culinary art; kitchen"; ultimately from Latin coquere, "to cook") is a specific set of cooking traditions and practices, often associated with a specific culture.  Solutions, Inc. (AMEX AMEX

See: American Stock Exchange
:FZN) (the "Company") today announced its results for the second quarter of fiscal year 2007. Revenue in the second quarter of fiscal year 2007 increased $6,653,000 from $16,595,000 to $23,248,000, a 40.1% increase compared to the second quarter of the fiscal 2006, due primarily to increases in sales in the retail and military channels. Retail and Military sales increased by 66.1% and 76.3%, respectively, from $5,679,000 and $2,647,000 in fiscal 2006, to $9,434,000 and $4,666,000 in fiscal 2007.

"We continue to get closer to reaching our goal of being the leader in the emerging category of premium, fully-cooked, frozen food," states 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.  Stanislas Stanislas (dimunitive: Stan) is French version of Stanislav.

It may refer to:
People
  • Stanislas Wawrinka
  • Stanislas Julien
  • Stanislas de Boufflers
  • Stanislas Marie Adelaide, comte de Clermont-Tonnerre
  • Stanislas Dehaene
 Vilgrain. "We are building our retail customer base one customer at a time and one taste at a time. Word of mouth about the exceptional quality and convenience of our food seems to be spreading. We will continue to develop new and innovative items to complement our existing successful products."

The Company reported net income for the second quarter of fiscal 2007 of $1,628,000 compared to $787,000 for the second quarter of fiscal 2006. The 106.7% increase in net income was primarily due to a 40.1% increase in sales. Net earnings per share from continuing operations continuing operations

Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the
 were $.10 for the second quarter fiscal 2006 compared to $.05 the same quarter last year.

Second quarter net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 by region for fiscal 2007 and 2006 were as follows:
[TABLE OMITTED]


Second quarter net sales by sales channel for fiscal 2007 and 2006 were as follows:
[TABLE OMITTED]


Cuisine Solutions U.S. sales during the second quarter of fiscal 2007 and 2006 by sales channel were as follows:
[TABLE OMITTED]


Cuisine Solutions France sales during the second quarter of fiscal 2007 and 2006 were as follows:
[TABLE OMITTED]


Cuisine Solutions France's sales during the second quarter of fiscal 2007 and 2006 by sales channel were as follows:
[TABLE OMITTED]


A comparison of net sales, gross margin and gross margin percentage for the second quarter of fiscal 2007 and 2006 are as follows:
[TABLE OMITTED]


Fiscal 2007 Year to Date Results

Revenue in the first two quarters of fiscal year 2007 increased $6,107,000 from $31,347,000 to $37,454,000, a 19.5% increase compared to the first two quarters of the fiscal 2006, due to an increase in sales across all Cuisine Solutions sales channels. Retail sales increased substantially by 67.8% while sales in the Food Service, On Board Services, Military and National Restaurant Chain increased by 5.8%, 4.0%, 1.6% and 18.5% respectively, during the first two quarters of fiscal 2007 compared to the same period in fiscal 2006.

The Company reported net income for the first two quarters of fiscal 2007 of $2,153,000 compared to $2,309,000 for the first two quarters of fiscal 2006. The 6.8% decrease in net income was primarily due to an increase in selling and administrative expense as a result of additional startup (STARTing UP) "At startup" means when the computer is first turned on or when a program is first loaded. See Startup folder.  costs associated with the new production facility purchased in France and the additional space leased in the U.S. Net earnings per share from continuing operations were $.13 for the first two quarters of fiscal 2007 compared to $.14 for the same two quarters last year.

First two quarters net sales by region for fiscal 2007 and 2006 were as follows:
[TABLE OMITTED]


First two quarters net sales by sales channel for fiscal 2007 and 2006 were as follows:
[TABLE OMITTED]


Cuisine Solutions U.S. sales during the first two quarters of fiscal 2007 and 2006 by sales channel were as follows:
[TABLE OMITTED]


Cuisine Solutions France sales during the first two quarters of fiscal 2007 and 2006 were as follows:
[TABLE OMITTED]


Cuisine Solutions France's sales during the first two quarters of fiscal 2007 and 2006 by sales channel were as follows:
[TABLE OMITTED]


A comparison of net sales, gross margin and gross margin percentage for the first two quarters of fiscal 2007 and 2006 are as follows:
[TABLE OMITTED]


This news release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
 and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
, including, without limitation, the fiscal 2007 financial guidance being presented this year for the first time, reflect the current expectations of the company and its management team. However, the Company cannot guarantee that any such forward-looking statement will be realized. Achievement of projected or implied Inferred from circumstances; known indirectly.

In its legal application, the term implied is used in contrast with express, where the intention regarding the subject matter is explicitly and directly indicated.
 future results, including, without limitation, the company's projected Fiscal 2007 financial results, is subject to numerous risks and uncertainties--including, without limitation, the risks and uncertainties discussed in the Company's filings with the Securities and Exchange Commission--and the possibility of inaccurate assumptions that could cause actual results to vary materially from the results expressed or implied in this presentation. Among these risks and uncertainties are the Company's assumptions related to the performance of certain aspects of its business upon which its future financial results may be materially reliant, including, without limitation, projected sales generated by its military, retail, onboard Refers to a chip or other hardware component that is directly attached to the printed circuit board (motherboard). Contrast with offboard. See inboard.  services, food service and national restaurant chain channels, changes in product mix and corresponding changes in average unit price and production efficiencies, and costs related to new facilities and other expenditures incident to plans to future growth. Material changes in any of these or other financial factors may cause actual results to differ materially from any projections made herein. In addition, except as required by law, the Company does not undertake and does not intend to update any forward-looking statement that it may make in this presentation or in any other context, from time to time, including, without limitation, the fiscal 2007 financial projections discussed in this presentation, nor does the Company undertake or intend to provide financial projections on an interim basis. The Company does not undertake or intend to provide any additional financial guidance until the next annual meeting.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 23, 2007
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