Thank you, Paulette.
Good morning everybody, and welcome to our conference call for our first quarter.
our introducing our in Radano, President Chief Operations for Bob Service. by me room our Food of begin Sales; our Bo Officer; Moore, of Powell, Roshkoff, Dennis Financial Pape, representative; Operations; me Marjorie who Senior our the is with Chief Jerry Shreiber Let Law, President legal Vice and Vice Officer; Manager Bob Sales
Did I get everybody?
cause and actual statements contained to herein subject uncertainties begin. that projected me risks could those statements. The forward-looking from Let forward-looking results to differ are the certain in
reliance You analysis are that arise cautioned reflect on date obligation not these date of update the as after revise statements, to hereof. management’s to place these reflect publicly or undertake statements no undue to events which circumstances the hereof. We forward-looking only or forward-looking
operations. include which quarter. Service Distributor sales Results to Service, the increased a sales October sales from sales increased XXXX. of for ICEE for acquisition the Without increased that, X% of Food in X% quarter, Net X%. customers the Food
sales sales pretzels, up increased churros X%, products X%. of funnel up was increase cake sales up XX% X%, due up soft and Our bakery to
to and Sales higher the X% from up schools of & Valley Frozen ices and at sales down were $XX,XXX,XXX in $XX,XXX,XXX Operating income chains because this down. were plant last operations Midwest. primarily volume Service restaurant handheld juice increased sales Food our were down XX%. segment quarter, while bars to year, to were and improved sales Hill our in
retail the supermarkets Sales were to down quarter. Retail Supermarkets. for of products X%
Handheld frozen sales were juice for XX% X% down ices quarter. were sales bars X%. XX%. including down biscuits were Italian and bakery down were of Sales and down sales pretzel Soft the
slightly benefit supermarkets Operating of segment the the offset volume. as our implemented income retail last price the increase a year, impact ago lower as was of year same in essentially
quarter. the at expect stabilizing We in to and least improving second see volumes
brands. XX%. were BLAST product PUPPIE, XX% include quarter, sales Frozen were up Beverages, the SLUSH Frozen in up sales related beverage related which ARCTIC ICEE, and beverage and
Without from others overall the revenue $XX sales were $X.X beverage an up X%. ICEE million, for revenue in XX%. acquisition Group, and up Festervan related Machine million first XX% year. quarter of was Service sales was Distributors, were up sale the last from up the
Operating estimated increased $X,XXX,XXX $XXX,XXX from income of -- $X,XXX,XXX to quarter in million in I'm to $X,XXX,XXX the about primarily our headquarters’ move our the in $X because in to frozen to the beverage headquarters. be cost relocation with to ICEE group Tennessee, increase of expenses approximately quarter second and sorry quarter related ICEE this relocation and decreased connection
purchased ICEE Texas October, and the assets does $XX with business Festervan million. Arkansas, approximately In distributors, of in annual we Louisiana, of which sales Group the
XX.XX% changes. year, sales because side unit of in percentage product snack unfavorable higher was profit from mix our on profit last business, Consolidated, Gross year. of down lower three-month of volume generally the costs a this period gross XX.X% as the percentage decreased in
decrease of freight. was connection Total XX.X% primarily lower down year's in The due sales last quarter, as the operating with was from expense to XX.X%. percentage costs distribution in a
Capital spending and cash flow.
Our securities of was the because the million purchase investment primarily $XXX $XX from Distributor. September ICEE our of cash million and down year-end, of balance
X.X%. purchase are maturity acquisitions, $XXX for investments We continue bonds of our of corporate of to to in price look as yield use our a cash. million a with
plants year for and business. the $XX invest to as plant Our million ICEE quarter, estimate our in million, we as our to the continue invest was our spending and in the growing spending businesses. we about be $XX We to in efficiencies capital continue manufacturing
any dividend. declared was shares We was of from on of a buy stock XX% and Xth. This January $X.XXX a our previous increase the back quarter. Directors of Board share our dividend the Cash by did during paid not
Our last we investment losses quarter. recognized because of $X,XXX,XXX more last unrealized in this investment year income year's was than year, $XXX,XXX
tax year, last Last $X.XX of related EPS a Cuts a & had Act, year's Job we $XXX,XXX by Tax benefit share. to which benefited the
your continuing Well, our to interest, for continued and my we and look comments. concludes you that Thank forward success. upfront growth
