Armanino Foods of Distinction, US manufacturer of sources, meatballs and cooked poultry products, reported record sales and net income for the first quarter of 2006 ending 31 March.
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First quarter sales rose from US$3.12m in 2005 to $3.73m this year, while net income after taxes rose by 596% to $172,357.
“These are the best first quarter results we have reported in the company’s entire history,” said William Armanino, the company’s president and CEO, “and we are particularly gratified because these gains, coming in what normally is our slowest quarter, resulted from improvement in both our food service and retail markets.
“In large part,” he continued, “these gratifying increases resulted from the investments we made last year in expanding and strengthening our sales force. The gains make us optimistic that we will report solid sales and earnings throughout the year.”
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