Company Overview of Inventure Foods, Inc.
Inventure Foods, Inc. manufactures and markets healthy/natural and indulgent specialty snack food products in the United States and internationally. It operates in two segments, Frozen Products and Snack Products. The company’s healthy/natural food products include Rader Farms frozen berries; Boulder Canyon Authentic Foods branded kettle cooked potato chips; Willamette Valley Fruit Company branded frozen berries; Fresh Frozen branded frozen vegetables; Jamba branded blend-and-serve smoothie kits; Seattle’s Best Coffee Frozen Coffee Blends branded blend-and-serve frozen coffee beverage; and private label frozen fruits and healthy/natural snacks. Its indulgent specialty snack food products inc...
5415 East High Street
Phoenix, AZ 85054
Founded in 1986
Key Executives for Inventure Foods, Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $470.0K
Chief Financial Officer, Senior Vice President, Treasurer and Secretary
Total Annual Compensation: $309.6K
Senior Vice President of Operations
Total Annual Compensation: $242.8K
Senior Vice President and General Manager of the Snack Division
Total Annual Compensation: $268.6K
Senior Vice President and General Manager of Frozen Division
Total Annual Compensation: $160.5K
Compensation as of Fiscal Year 2014.
Inventure Foods, Inc. Key Developments
Inventure Foods, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-09-2015 10:10 AM
May 28 15
Inventure Foods, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-09-2015 10:10 AM. Venue: Four Seasons Hotel, Chicago, Illinois, United States. Speakers: Steve Weinberger, Chief Financial Officer, Senior Vice President, Treasurer and Secretary, Terry McDaniel, Chief Executive Officer, President and Director.
Inventure Foods, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 28, 2015; Reports Impairment Charges for the First Quarter Ended March 28, 2015
May 7 15
Inventure Foods, Inc. reported unaudited consolidated earnings results for the first quarter ended March 28, 2015. For the period, the company reported adjusted diluted earnings per share was $0.06, inclusive of $0.05 per share associated with planned incremental slotting and promotional trade spend investments. Net revenues increased 15.0% to $77.6 million against $67.509 million a year ago. Operating loss was $22.129 million against operating income of $3.165 million a year ago. Loss before income taxes was $22.859 million against income before income taxes of $2.495 million a year ago. Net loss was $14.635 million or $0.75 basic and diluted per share against net income of $1.597 million or $0.08 basic and diluted per share a year ago. LBITDA was $20.127 million against EBITDA of $5.082 million a year ago. Adjusted EBITDA was $4.643 million against $5.082 million a year ago. Adjusted net income was $1.223 million against $1.597 million a year ago. The increase in net Revenue was due to a 17.6% increase in frozen segment net revenues and a 10.1% increase in snack segment net revenues. Net income in the first quarter of 2015 includes approximately $1.5 million, or $0.05 per diluted share, in planned incremental slotting and promotional trade spend investments.
For the quarter, the company reported impairment of intangible asset, net of tax was $5.939 million. During the quarter the company also recorded an impairment of $9.3 million associated with the Fresh Frozen customer relationship intangible asset based on cash flows that include the cost of the recent recall.
Inventure Foods, Inc. Postpones Earnings Release for First Quarter of Fiscal 2015
Apr 28 15
Inventure Foods, Inc. announced that it will postpone the first quarter fiscal 2015 earnings release and conference call originally scheduled for April 30, 2015 to allow for additional time to complete their financial results. The additional time is needed to complete the review of costs and expenses associated with the Company's voluntary product recall. The Company will announce the new earnings release and conference call date as soon as practical.
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