US: Vermont Pure sales and income on the rise
Vermont Pure Holdings has posted a slight rise in sales and income for its first quarter.
The US water company said on Friday (17 March) that total sales for the three months to 31 January rose by 5% year-on-year to US$14.61m from US$13.96m. Gross profit, meanwhile increased by 2% to US$8.2m, helping net income rise to US$65,000 from US$7,000.
"The increase in net income for the period is a result of solid sales growth in what is traditionally our lowest performing quarter as a result of seasonal influences," said Peter Baker, Vermont Pure's CEO. "We continue to increase sales by leveraging our extensive distribution system in the north-eastern US."
In January, the company reported sales for the full fiscal year 2005 rising by 14% to US$59.8m. Excluding sales from acquisitions, the increase in sales came in at 7%. Net income for the period was US$871,000, an increase of 32%, from the previous year.
Vermont Pure Holdings is the largest independent and third-largest home and office distributor (HOD) of its kind in the US. The company bottles and distributes natural spring water and purified with minerals added bottled water under the Crystal Rock and the Vermont Pure trademarks.
Coca-Cola announced last week that it was taking over full control of its US water joint venture, CCDA Waters, buying out its partner, Danone. However, speculation over the poor performance of the CCD...
Rising sales in North America drove Nestlé Waters to a year of "strong growth" in 2005....
US water company Vermont Pure Holdings has posted a healthy rise in sales for its fiscal year 2005....
French conglomerate Groupe Danone has sold US subsidiary DS Waters to investment fund Kelso for an undisclosed sum....
The home and office (HOD) water distributor Vermont Pure Holdings Ltd. (VPS) has announced that its chief executive officer, Timothy Fallon, is to resign on 1 November....
Nestle Waters Direct Portugal is to by the Portuguese office delivery water company Peyroteo & Caravela, it was reported this week....
Vermont Pure Holdings Ltd. has acquired the assets of three Home and Office distributors in its core markets....
Groupe Danone has decided to sell off its entire stake in its US home and office water delivery business DS Waters....
- just The Preview - Pernod Ricard's Q4 & FY
- Comment - Hybrid Spirits: Innovation or Laziness?
- Comment - Another One Bites Bacardi's Dust
- CCA - Coca-Cola's Canary in the Mine
- Brown-Forman's Q1 Performance by Region, Brand
- Mast-Jägermeister targets UK off-trade boost
- SABMiller exec to become CFO at Beam Suntory
- Brown-Forman unveils Jack Daniel's UK push
- Bacardi announces CFO switch
- Champagne will not regain lost ground until 2018