The Inventure Group, Inc. today reported financial results for the first quarter ended March 29, 2008.
Net revenues for the first quarter of fiscal 2008 were $26.2 million, representing an increase of 54% compared to the first quarter of fiscal 2007. Excluding the impact of Rader Farms(tm), which contributed $9.6 million of net revenue in the quarter, the snack division revenue was $16.6 million, representing a decrease of 2.5% as compared to the snack division revenues in the same period of last year. The positive impact of price increases implemented during the quarter, the addition of BURGER KING(tm) potato snack products and the growth in Boulder Canyon(tm) Natural snack products ("Boulder") of 27% as compared to the same period of last year were all offset by a decrease in revenues from TGI Friday's(r) salted snacks
