Inventure Foods, Inc., Reports Strong Second Quarter And Half Year Results

"We continue to deliver net revenue growth in both our Snack and Rader divisions. Our Healthy/Natural portfolio continues to grow, and now represents 55 percent of total net revenue, a full seven percentage points higher than this time last year. We continue to drive successful trade and marketing programs that promote growth. As we said during our first quarter call, we are investing heavily in the Jamba rollout at the expense of short-term earnings growth. We will execute additional promotional investments in the back half of the year as we continue to bring on new customers. In the snack division, our T.G.I. Friday's® brand enjoyed an increase of 17.0 percent in net revenues, marking a third consecutive quarter of growth. Our Boulder Canyon™ brand continued to grow with a 23.9 percent increase for the quarter.  In the Rader division, we continued to grow the top line, driven by growth in the Jamba® brand."

McDaniel continued, "As we grow our existing brands and businesses, we also continue to bring new and innovative products to market, further augmenting our portfolio of brands. Our Intensely Different™ portfolio of food products expanded during the first half of 2011 as we added a new Boulder Canyon™ product, Garden Select Vegetable Crisps, and a new Jamba® At-Home Smoothie flavor, Caribbean Passion. For the back half of the year, our product pipeline includes an innovative T.G.I. Friday's® item as well as other new and exciting products.

"In summary, we have been able to successfully execute our strategic plans during the first half of the year and are well positioned to leverage the ongoing investments in our brands, products, and people as we move forward into the second half of the year."