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VESTRO FOODS INC. REPORTS THIRD QUARTER RESULTS

 CARSON, Calif., Nov. 16 /PRNewswire/ -- Vestro Foods Inc., (NASDAQ: VEST) announced today the company's financial results for the third quarter and nine months ended Sept. 30, 1993. Net income for the quarter was $388,000 compared to ($304,000) in the prior year. Net sales for the quarter were $5,857,000 compared to $8,394,000 in 1992. The results for 1992 include the company's fine baked goods operations which were sold in December 1992. Comparative figures for the company's ongoing natural foods operation show a 10 percent increase in net sales from 1992.
 Net income for the nine months ended Sept. 30, 1993, was $1,127,000 compared to ($719,000) in the prior year. Net sales for the six months were $17,577,000 compared to $26,432,000 in 1992. The results for 1992 include the company's fine baked goods operations which were sold in December 1992. Comparative figures for the company's ongoing natural foods operations show an 8 percent increase in net sales from 1992.
 Allan Dalfen, president and chief executive officer of Vestro Foods Inc., stated "This is the third quarter in which Vestro has produced markedly improved results from the prior year. We feel that these results have validated a strategy of concentrating the company's resources in the natural foods area."
 The company's efforts to reduce product costs and operating expenses along with an aggressive program of improving penetration in our distributor base and introducing new products, have contributed to these improved results."
 Vestro Foods Inc., through its branded product lines, Westbrae Natural, WestSoy, Little Bear Organic Foods, Bearitos, AhSoy and CiBella, is a major producer of natural and organic food products.
 VESTRO FOODS INC.
 Financial Highlights
 (In thousands except per share amounts)
 For the Three Months Ended For the Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992(a) 1993 1992(a)
 Net sales $5,857,000 $8,394,000 $17,577,000 $26,432,000
 Net income
 (loss) $388,000 ($304,000) $1,127,000 ($719,000)
 Earnings (loss)
 per common
 share(b)
 Net income (loss) $.01 ($.02) $.02 ($.08)
 (a) 1992 includes the company's fine baked goods operations which were sold in December 1992.
 (b) Computed by dividing net income by the maximum amount of potential conversion to common stock of the company's outstanding series A convertible preferred stock and its 10 percent convertible exchangeable preferred stock.
 -0- 11/16/93
 /CONTACT: Stephen Schorr, VP-finance of Vestro Foods, 310-886-8200/
 (VEST)


CO: Vestro Foods Inc. ST: California IN: FOD SU: ERN

NY-EH -- LA029 -- 5142 11/16/93 13:43 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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