Inventure Foods Inc (SNAK) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Inventure Foods Inc (SNAK) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.01. The company posted revenue of $69.30 million in the period, compared to analysts expectations of $72.26 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Inventure Foods Inc opened for trading at $8.63 and hit $8.63 on the upside on Thursday, eventually ending the session at $8.55, with a gain of 1.91% or 0.16 points. The heightened volatility saw the trading volume jump to 1,65,995 shares. Company has a market cap of $168 M.

In a different news, on Jun 1, 2016, Paul J Lapadat (director) purchased 7,000 shares at $7.25 per share price. According to the SEC, on May 10, 2016, Daniel W. Hammer (SVP GM-Frozen Division) sold 6,055 shares at $7.16 per share price. On Mar 17, 2016, Steve Weinberger (CFO) sold 9,936 shares at $5.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Inventure Foods Inc. is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits vegetables beverages and frozen desserts for sale primarily to groceries club stores and mass merchandisers. All products sold under its frozen products segment are considered part of the healthy/natural food category. The snack products segment produces potato chips kettle chips potato crisps potato skins pellet snacks sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category as well as products considered part of the healthy/natural food category. The Company operates manufacturing facilities in eight locations.

Inventure Foods Inc

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