Timothy Fallon, Chairman and CEO, stated that the company is encouraged by
the continued momentum reflected in sales growth, and attributes its loss in
earnings to the poor summer weather conditions in New England, which had a negative
effect on the region’s entire beverage industry. ”This summer’s unseasonably
cool, rainy weather resulted in market conditions that limited sales growth
of our retail product, Vermont Pure Natural Spring Water, and led to more competitive
pricing within the retail portion of our business,” Fallon added.
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