PORTLAND, Ore. — YoCream International, Inc. (Pink Sheets: YOCM), a manufacturer and wholesaler of frozen desserts and beverages, today reported the sales for the second quarter ended April 30, 2010.
Sales for the three months ended April 30, 2010 increased 11.4% to $14,062,000 compared to $12,627,000 for the second quarter in fiscal 2009. Sales of the Company's core frozen yogurt business grew 52.1% in the second quarter following 30.9% in the first quarter.
Sales continue to be robust in the Southwest, with the addition of 13 new distributors and growth of 22.5% for April alone. This performance is a significant indication of sustainable growth in a market that could be considered as mature.
The Company will be exhibiting at the National Restaurant Association Show May 22-25, 2010 (Booth 2212). New products and concepts will be shown to quick service restaurants (QSRs), convenience stores, independent operators and frozen yogurt shops. New frozen yogurt flavors will include Whoppers™, Mt. Blackberry, Hawaiian Pineapple and Sweet Coconut. A new FroYo Shake concept will also be introduced.
YoCream International, Inc. is a world leader in the frozen yogurt industry. Since 1977, YoCream has pioneered the innovation, production and marketing of frozen yogurt and fruit-based frozen desserts and beverages. The Company operates a state-of-the-art production facility in Portland, Oregon, to manufacture its "true" frozen yogurt, which contains the real yogurt that is fermented and cultured on site daily. The Company offers over 110 flavors of frozen yogurt, ice cream, frozen custard, sorbet, smoothies, frozen carbonated beverages, slushes and frozen drink mixes. In addition to the YoCream brand, the Company also provides other branded flavors such as Hershey's™ (e.g. Hershey's™ Kisses™, Reese's™, York™, Jolly Rancher™, Twizzlers™, Bubble Yum™) and Rockstar™ under exclusive licenses. YoCream's end-user customers number in the thousands and include marquee convenience stores, quality quick service restaurants, warehouse stores, prestigious eating establishments, large grocery chains, frozen yogurt shops, colleges, military and government foodservice locations, international restaurants and neighborhood stores involving over 250 specialty and full line distributors in the supply chain.
This release may contain certain forward-looking statements, which are based on management's current expectations. Factors that could cause future results to vary materially from these expectations include, but are not limited to, change in distribution abilities, level of customer acceptance of new products, change in strategic alliances and other economic, competitive, governmental, and regulatory factors affecting the Company's operations, pricing, products and service.
Source: YoCream International, Inc.