Portland, Oregon, Dec. 11- YoCream International, Inc., a manufacturer and wholesaler of frozen desserts and beverages, today reported preliminary financial results for the fiscal year ending October 31, 2007.
The Company anticipates sales growth of approximately 25.6% or $28,190,000 compared to $22,445,000 in 2006. The breakdown of preliminary sales by category is as follows:
Category 2007 2006 Change
Frozen Desserts $16,715,000 $13,585,000 23.0%
Frozen
Beverages 10,086,000 7,777,000 29.7%
Co-packing 1,389,000 1,083,000 28.2%
Total $28,190,000 $22,445,000 25.6%
The Company expects income from operations for the same period to increase approximately 113% to $1,789,000, compared to $839,000 in fiscal 2006.
The Company anticipates releasing audited results prior to the end of January.
YoCream International, Inc., with headquarters and manufacturing facility in Portland, OR, is a pioneer and leading producer of frozen yogurt. Founded in 1977, YoCream produces, markets and sells its flagship frozen yogurt products along with ice cream and frozen custard mixes under the YoCream brand. YoCream's frozen beverage product lines include Fruitquake(R) Smoothies, ready-to-use aseptically packaged real fruit smoothies; Jolly Rancher(TM), Bubble Yum(TM), Twizzlers(TM), and Jarritos(R) Frozen Beverages, and shelf-stable bag-in-box drink mixes. With a proven history of providing high-quality products and solution-based customer service, YoCream International is an established food service vendor, co-packer, and industry leader poised for long-term growth.