date:Jun 08, 2012
e previous year, primarily due to the $11.3m reversal of a valuation allowance on deferred tax assets in fiscal 2011.
However, adjusted net income for the quarter increased 17.9% to $3.9m, while adjusted net income for fiscal 2012 increased 36.6% to $12.1m. The adjusted net income per share is based on 16.4m adjusted diluted shares of common stock, which does not include new shares issued at the IPO.
Annie's CEO John Foraker said that the fiscal 2012 was driven by strong growth in the natural an