Dreyer's dishes up double-digit 3Q gains
Dreyer’s Grand Ice Cream Holdings Inc's total net revenues for the third quarter ended Sept 24, 2005, increased $46,591,000, or 10%, to $520,268,000.
Net sales of company brands for the 2005 third quarter rose $64,789,000, or 16%, from the comparable quarter in 2004 to $475,201,000 after promotional costs. The increase was driven mainly by net sales of Dreyer’s and Edy’s Slow Churned Light ice cream, strong introductory sales of Haagen-Dazs Light ice cream, and continued growth of Dreyer’s and Edy’s classic ice cream. The gains also reflect an increase in net sales of the company’s frozen snack products, including Dibs and Nestle Kids, and also the addition of The Skinny Cow products to the company-owned portfolio.
The market share of Dreyer’s company brands of packaged ice cream sold in the United States grocery channel reached 23% for the quarter.
Net sales of partner brands (products distributed for other manufacturers) fell $13,185,000, or 24%, from the comparable quarter in 2004 to $40,634,000 for the 2005 third quarter.
