date:May 06, 2013
A slowing in the T.G.I. Fridays brand coupled with increased brand investment crimped earnings at Inventure Foods, Inc. in the first quarter of fiscal 2013. Net income in the quarter ended March 30 was $1,056,000, equal to 5c per share on the common stock, down 39% from $1,722,000, or 9c per share, in the same period a year ago.
Sales for the quarter were $48,537,000, up 3% from $47,020,000 during the same period of the previous year.
We experienced some disappointments in our first-quarter re