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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Annie's Sales Improve While Earnings Disappoint 1 comment
    May 30, 2014 10:39 AM | about stocks: BNNY

    Originally published at www.seclive.com

    Filing in Focus: Annie's, Inc. 8-K, May 29, 2014

    Annie's, Inc. (NYSE:BNNY) announced its financial results for the fourth quarter and full fiscal year 2013, posting improvements in sales but disappointing earnings results. Quarterly net sales increased from $52.1M last year to $60.1M this quarter while annual net sales improved from $169.5M in 2013 to $204.1M this year. Net income for the quarter rose from the year-ago $3.9M and $0.22 per share to $5.1M and $0.29 per share while annual earnings increased from $11.3M and $0.64 per share to $15.3M and $0.88 per share. The company was pleased with its top-line revenue performance thanks to continued strong performance in business development though net income was not quite up to expectations due primarily to input costs, specifically organic wheat.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • LeMarJackson
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    Buy Sell or Hold? Otherwise you are only a reporter.
    30 May 2014, 11:47 AM Reply Like
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