Dreyer’s Loss Widens; Cost of Goods Sold Cited
From Bloomberg News
Dreyer’s Grand Ice Cream Holdings Inc., which controls about a quarter of the U.S. ice cream market, said its loss widened to $30.9 million as the cost of goods sold expanded faster than sales.
The per-share loss was $1.07, compared with a net loss of $18.8 million, or 85 cents, a year earlier, the Oakland-based maker of Haagen-Dazs ice cream in the U.S. said.
The company, 68% owned by Nestle of Switzerland, said sales rose 2.2% to $345.2 million.
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