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Yogen Fruz World-Wide.

Yogen Fruz World-Wide announced financial results for the first quarter of 2000, including revenues of $20.7 million, down from $22.8 million in the same period of 1999. The net loss for the quarter was $670,000, as compared with a net gain in the first quarter of 1998 of $306,000. The decline in revenues was attributed to a decline in sales of both packaged products and in company-owned shops. The company dismissed the negative results as fluctuations that can occur in the off-season without being predictive of the peak selling periods and the overall fiscal year.
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Publication:Ice Cream Reporter
Geographic Code:1CANA
Date:Feb 20, 2000
Words:99
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