The Inventure Group, Inc. Announces Second Quarter 2008 Results

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.