Overhill Farms sees revenues, profits recede
Jan 2, 2004 12:00 PM, from staff and wire reportsOverhill Farms Inc, a supplier of frozen foods to foodservice, retail, airline, and weight-loss product customers, announced operating results for its fiscal year ended Sept 28, 2003.
Net revenues decreased $1,951,000 (1.4%) to $136,950,000 versus $138,901,000 for the fiscal year ended Sept 29, 2002.
Gross profit for the fiscal year ended Sept 28, 2003, fell $2,077,000 (10.7%) to $17,371,000 from $19,448,000 for the year-earlier period. Gross profit as a percentage of net revenues for the fiscal year ended Sept 28, 2003, totaled 12.7% compared with 14.0% in the prior fiscal year.