Armanino Foods of Distinction, Inc. Provides Earnings Guidance for the Second Quarter and First Half of 2022
June 27, 2022 at 08:00 am
Share
Armanino Foods of Distinction, Inc. provided earnings guidance for the second quarter and first half of 2022. For the quarter, the company expects significant increases in sales and profits with results considerably ahead of previous record quarter. While Armanino has seen significant economic headwinds, the net effects have been mitigated by anticipated record sales and profit growth.
For the half, the company expects significant increases in sales and profits with results considerably ahead of previous record six months. While Armanino has seen significant economic headwinds, the net effects have been mitigated by anticipated record sales and profit growth.
Armanino Foods of Distinction, Inc. is engaged in the production of upscale and frozen food products. The Companyâs line of frozen products includes pesto and other sauces, stuffed pastas, and pasta sheets, as well as value-added specialty Italian pastas and cooked meat products. The Companyâs products categories include SAUCES, which includes Basil Pesto and Creamy Garlic Sauce; Meatballs, which includes Gourmet Beef, Italian Style Beef & Pork, and Turkey Meatballs; Pasta, which include Four Cheese Ravioli, Beef Ravioli, Cheese Tortellini, and Tri Color Cheese Tortellini; and Cheeses, which includes Grated Parmesan, and Grated 3 Cheese Blend. The Companyâs products are marketed through network of food brokers and sold to retail, foodservice, club-type stores, and industrial accounts. The Companyâs products are sold by the Company and through distributors.