date:Feb 12, 2014
Favorable macro trends in natural and organic food benefitted third-quarter results at Annies Inc., as the Berkeley-based company posted stronger returns in its macaroni and cheese, frozen pizza and entree business and snacks segment.
Net income in the quarter ended Dec. 31, 2013, totaled $2,789,000, equal to 16c per share on the common stock, up 99% from $1,401,000, or 8c per share, in the same period a year ago. Net sales increased 27% to $46,177,000 from $36,283,000.
In Annies macaroni and