Frozen Sales Soar at Inventure
Frozen segment sales, including smoothies, set the pace at Inventure Foods, Phoenix, Arizona, a lead…Frozen segment sales, including smoothies, set the pace at Inventure Foods, Phoenix, Arizona, a leading specialty food marketer and manufacturer, which reported net revenues up 24.2% to $46.6 million for the third quarter ended Sept. 29.
"The increase in our healthy/natural portfolio, which represents 60% of total revenues, was led by strong increases in our Frozen segment with frozen fruit sales up 72.7% and Jamba 'at home' Smoothie sales up 28.6% over prior year, primarily due to increased distribution to new and existing customers and increased velocity of existing business," said Terry McDaniel, ceo.
Frozen segment net revenues, which includes Jamba All Natural Smoothies, totaled $22.8 million for the quarter, were up 62.3% over the prior-year period. Continuing the momentum from the first half of 2012, net revenues for the segment excluding Jamba increased 72.7% for the quarter due to continued growth in branded and private label sales to new and existing customers.
Jamba net revenues for the quarter totaled $4.3 million, an increase of 28.6% compared $3.3 million in the third quarter of 2011.
