date:Jun 08, 2012
d organic food market, as more parents sought healthier food options for their families.
On 2 April 2012, Annie's completed an IPO and raised net proceeds of $11.4m, which were used, in part, to pay down outstanding debt under the credit facility.
For the fiscal 2013, the company expects net sales growth in the range of 16% to 19%, and adjusted net income in the range of $14m to $14.5m representing year-over-year growth of 20% to 25%, excluding $0.5m in one-time tax benefit taken in fiscal 2012.