Fresh Brands' fiscal results a mixed bag

Jan. 1, 2006
Fresh Brands Inc, a Sheboygan WI-based grocery wholesaler and supermarket retailer, has reported results for its third quarter and year-to-date ended

Fresh Brands Inc, a Sheboygan WI-based grocery wholesaler and supermarket retailer, has reported results for its third quarter and year-to-date ended Oct 8, 2005.

The company said operating difficulties at three underperforming stores caused it to take a non-cash after-tax impairment charge of $8.9 million, resulting in a net loss for the third quarter and 40 weeks ended Oct 8, 2005. Two of those stores are to be sold or closed. The loss totaled $8.2 million for the third quarter and $7.8 million for the year-to-date.

Net sales for the quarter increased 4.1% to $160,528,000, compared with $154,263,000 for the third quarter of 2004. For the first three quarters of 2005, net sales were $522,413,000, versus $513,806,000 for the same period in 2004.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...