A great year for YoCrean:
YoCream Announces Record Fiscal Year Sales and Earnings
Thursday January 8, 2009, 7:00 am EST
Yahoo! Buzz Print Related:Yocream International Inc.
PORTLAND, Ore., Jan. 8 /PRNewswire-FirstCall/ -- YoCream International, Inc. (Pink Sheets: YOCM - News) is pleased to announce record audited results for its fiscal year ended October 31, 2008:
2008 2007
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Sales $43.0 million $28.2 million
Income from Operations $7.6 million $1.8 million
Net Income $4.4 million $0.6 million
Earnings per Share $1.89 $0.29
Sales results for the year represent a 52.4% increase. The positive trend continues in fiscal 2009 and management anticipates sustained profitability and double digit growth based on current market trends. Full financial results and management's discussion for the 2008 fiscal year will be released later this month.
YoCream International, Inc. (YOCM), with headquarters and a dairy and manufacturing facility in Portland, OR, is a pioneer and leading producer of frozen yogurt, desserts and beverages. Founded in 1977, YoCream produces, markets and sells its signature frozen yogurt, tart frozen yogurt, ice cream and frozen custard mixes under the YoCream brand. YoCream's frozen beverage product lines include Fruitquake(TM) frozen drinks and smoothies for blender, bar drinks and lemonades or ice teas as well as Jolly Rancher(TM), Bubble Yum(TM), Twizzlers(TM), and Jarritos(TM) frozen beverages for frozen carbonated and uncarbonated machine dispensing.
yocream.com
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