date:Feb 13, 2013
A voluntary product recall of pizzas hurt sales and earnings at Annies, Inc. in the third quarter ended Dec. 31, 2012.
Net income in quarter was $1,401,000, equal to 8c per share on the common stock, which compared with $2,232,000, or 15c per share, in the same period a year ago. Excluding $1,346,000 in voluntary product recall charges, adjusted net income for the third quarter of fiscal 2013 was $2,747,000, up 23% from $2,232,000.
Net sales in the third quarter were $36,283,000, up 18% from