Imperial Sugar Company has reported a loss for the three-month period ended 31 March 2005, blaming higher costs and competitive pricing pressure.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company reported a net loss of $1.1m, compared to net income of $1.6m in the same period a year ago. For the six-month period, the company reported a net profit of $5.5m compared to net income of $5.2m in the year earlier period.


Net sales were $206.9m, compared to $209.6m a year ago.  Domestic sugar volumes increased 1.7% for the quarter, as more aggressive industrial selling increased volumes 6.1%, while consumer volumes decreased 5.7% due to competitive pressures in the private label sector, offsetting increases in branded consumer volumes, the company said. Overall domestic sales prices were 2.4% lower for the three months ended 31 March 2005 compared to the same period in 2004 reflecting the effects of increased competitive pressures resulting from a surplus of sugar on the market.


“Our second quarter is generally our weakest quarter as sales volumes decline and factory efficiencies suffer with lower utilization,” said Robert A. Peiser, Imperial Sugar’s president and CEO. “Comparisons to last year’s second quarter have been made more difficult due to that year’s unusually strong results. In addition, the impact of higher energy costs, directly with respect to our processing costs and also in our material and freight charges, are now apparent. Finally, competitive pricing pressures have continued through this period, a fact that we have discussed in prior releases and investor calls.”

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.