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Annie's sales up 20 percent for quarter ending June 30 |
07.27.2012
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Annie's Inc., a leading natural and organic food company that went public just this April, has reported strong numbers for the first quarter of fiscal 2013, ending June 30.
Highlights include net sales of $34.3 million, an increase of 20 percent over the same period last year. Net income for the first quarter of fiscal 2013 was $2.1 million as compared to net income of $1.8 million reported in the first quarter of the prior year.
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"We are pleased with our strong growth and overall financial performance in our business. Consumption trends remain strong as more consumers seek healthy food options for their families," commented John Foraker, CEO of Annie's. "We are encouraged by the progress of our mainline initiative in grocery channels, as well as consumer reception to our new products."
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