Burger King Snacks
The Inventure Group, Inc. Announces Second Quarter 2008 Results
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The Inventure Group, Inc. today reported financial results for the second quarter ended June 28, 2008.
Net revenues for the second quarter of fiscal 2008 were $29.2 million, representing an increase of 28% compared to the second quarter of fiscal 2007.
Excluding the impact of Rader Farms(r), which contributed $10.1 million of net revenue in the quarter, the snack division revenue was $19.1 million, representing an increase of 2.7% as compared to the snack division revenues in the same period of last year.
The positive impact of price increases as compared to last year's second quarter, the addition of $1.2 million of net revenues from BURGER KING(tm) snacks and the growth in Boulder Canyon(tm) Natural Foods snack products of 38% as compared to the same period of last year were all partially offset by continued softness in revenues from T.G.I. Friday's(r) salted snacks.
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