CoolBrands serves some sweet fiscal results

Nov. 25, 2003
CoolBrands International Inc, Canadian-based manufacturer and distributor of frozen desserts, announced its operating results for the fourth quarter and
CoolBrands International Inc, Canadian-based manufacturer and distributor of frozen desserts, announced its operating results for the fourth quarter and fiscal year ended Aug 31, 2003.

Revenues for the quarter rose by 78% to $154,014,000 from $86,365,000 for the same quarter a year ago. Net earnings for the quarter increased by 63% to $14,836,000 compared with net earnings of $9,101,000 for the same quarter a year earlier.

For fiscal 2003, revenues climbed 47% to $357,273,000 versus $242,222,000 for fiscal 2002. Net earnings for fiscal 2003 advanced 51% to $31,704,000 compared with net earnings of $20,984,000 for fiscal 2002.

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