CoolBrands International Inc’s revenues for the three months ended Feb 29, 2004, increased by 142.8% to $138,507,000 from $57,052,000 for the same period a year ago.
Net earnings for the three months ended Feb 29, 2004, rose by 146.2% to $12,771,000, compared with net earnings of $5,188,000 for the same period in 2003.
Sales for the three months ended Feb 29, 2004, climbed by 125.9% to $124,986,000 versus $55,316,000 for the same period a year earlier.
In other news, CoolBrands has completed a long-term international license agreement with Dogsters LLC to manufacture, market, and distribute frozen snack treats for dogs under the Dogsters brand name. The product line consists of two flavors of "ice cream-style" frozen treats for dogs in cups and one line of frozen birthday or special-occasion cakes for dogs. Initial distribution has already begun.