Ailing Canadian group CoolBrands International has endured deepening losses during its second quarter.
Go deeper with GlobalData
The company sold of a number of businesses in the last three months but the disposals failed to stem losses.
CoolBrands said yesterday (3 May) that its net loss for the quarter to 28 February reached US$10.3m, up from $7.9m in the corresponding period a year earlier. Stripping out contributions from businesses it sold, CoolBrands still saw sales from its continuing operations fall to $13.7m from $15.5m a year earlier.
During the second quarter, CoolBrands sold its dairy arm and its food service business for around $69m. In March, the company also sold its whole fruit and fruit-a-freeze assets for $4.6m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
