The Inventure Group reports strong growth of Burger King and private label snacks

The Inventure Group, Inc. (Nasdaq:SNAK), a leading specialty snack food manufacturer, today reported financial results for the second quarter ended June 27, 2009, highlighted by double-digit increases in revenue and earnings along with growth in both its Snack and Rader Farms divisions.

Inventure generated net revenue of $33.4 million for the second quarter of 2009, up $4.2 million, or 14.3% compared to $29.2 million for the same period in 2008.

The Snack Division contributed net revenues of $21.7 million, up 13.5% versus the same period last year. The company attributed the increase in net revenue in the Snack Division to higher year-over-year product sales across the majority of its products including Boulder Canyon(tm) Natural Foods (up 25.7 %), T.G.I. Friday's(r)(up 3.5 %), BURGER KING(tm) (up 45.9 %) and Private Label (up 155 %). These increases were partially offset by a year-over-year decline in sales at the Poore Brothers(r) brand.

Terry McDaniel, President and CEO of the Inventure Group on the outlook for the snack sector activities:

"Sales of our BURGER KING(tm) and Private Label products remain strong and we increased revenues of T.G.I. Friday's(r) for the second quarter in a row, an indication of our success in introducing new items as well as introducing these products into the dollar store channel".