Vita Food Products, Inc. (VSF) - 500 Beiträge pro Seite

[panik]

Profile:Vita Food Products, Inc. and its subsidiary engage in the processing and sale of herring, cured, and smoked salmon products and other complementary specialty food products primarily in the United States. It operates through two segments, Vita Seafood and Vita Specialty Foods. The Vita Seafood segment processes and sells various herring, and cured and smoked salmon products in the United States and Mexico. This segment also sells spreads and condiments, including horseradish, cream cheese with smoked salmon, cocktail and tartar sauces, and shrimp cocktail products that are used as appetizers and condiments. The Vita Specialty Foods segment manufactures and distributes BBQ sauces, marinades, steak sauces, hot sauces, wing sauce, gourmet and cooking sauces, as well as other specialty items, including molasses, baking mixes, syrups, condiments, cider, mustard, jams, jellies, and preserves. It sells its products under the Vita, Elf, Virginia, Oak Hill Farms, and Scorned Woman. The company's customers include regional supermarket chains, wholesale clubs, and gourmet shops. The company was founded in 1928 and is based in Chicago, Illinois.


http://www.vitafoodproducts.com/

[panik]

Vita Foods Reports First Quarter 2007 Results
Monday May 14, 2:12 pm ET


CHICAGO, May 14 /PRNewswire-FirstCall/ -- For the first quarter ended March 31, 2007, Vita Food Products, Inc. (Amex: VSF - News) today announced consolidated net income of approximately $185,000, or $0.04 per share, compared to net income of approximately $57,000 or $0.01 per share in the first quarter of 2006. The Vita Seafood segment, which is primarily engaged in the processing and sale of herring products and cured and smoked salmon products, contributed net income of approximately $143,000 compared to net income of approximately $9,000 in 2006. The improvement in net income for the Vita Seafood segment is primarily the result of an improvement in the gross margin percentage on net sales and reduced selling, marketing and distribution expenses that compensated for the decrease in net sales. The Company's other business segment, Vita Specialty Foods, which is engaged in the processing and sale of salad dressings, marinara sauces, cooking sauces, honey and other specialty food products, had net income of approximately $42,000 in the first quarter of 2007 compared to net income of approximately $48,000 in the first quarter of 2006. Gross profit from increased sales in the first quarter of 2007 was offset by an increase in selling, marketing and distribution expenses.
ADVERTISEMENT


Consolidated net sales for the first quarter of 2007 were approximately $12.8 million, compared with approximately $12.8 million in the first quarter of 2006. Vita Seafood's net sales for the first quarter of 2007 were approximately $6.7 million which compares to approximately $7.4 million for the prior year quarter, representing an approximate 9% decrease. The decrease was the result of lower sales in salmon products, which had been at record levels for the Company in the first quarter of 2006. Vita Specialty Foods' net sales for the first quarter were approximately $6.1 million compared to approximately $5.4 million for the previous year's first quarter, representing an approximate 13% increase. The net sales increase came largely from new sauce products introduced after the first quarter of 2006.

Gross margin for the quarter was approximately 31.0% as compared to 30.5% for the first quarter of 2006. The gross margin for Vita Seafood increased to 31.2% from 29.3% in the first quarter of 2006. This was the result of selling price increases implemented in the first quarter of 2007. The gross margin for Vita Specialty Foods decreased to approximately 30.8% as compared to approximately 32.1% for the first quarter of 2006. This was mainly attributable to a change in the product sales mix due to increased sales of lower margin products.

"I was named CEO in August of 2006 after presenting my plan for the future of the Company to the Board of Directors. Since then we have faced a few significant challenges, but we have pressed forward despite those setbacks to reach our short term goals as part of that plan," said Cliff Bolen, the Company's President and Chief Executive Officer. "The long term plan contains key strategies targeted at growing both segments of the company. Operationally we are striving to improve our efficiencies and we anticipate leveraging the inherent benefits of a significant upgrade from a planned software conversion to begin later this year."

The Vita Seafood division is a U.S. leader in the herring and retail packaged salmon markets, and is engaged in several other food segments, including cream cheese, cocktail sauce, tartar sauce and horseradish. More than 95% of Vita Seafood's sales are in kosher foods.

Vita Specialty Foods, Inc., the Company's wholly owned subsidiary, markets and sells honey, salad dressings, barbecue sauces and other meat enhancements and salsas. The Company markets and sells these items under the Virginia Brand®, Oak Hill Farms®, Scorned Woman®, Jim Beam®, Budweiser(TM), Dr Pepper®, 7UP® and A&W® brands.

The Company's common stock is currently traded on the American Stock Exchange and Chicago Stock Exchange under the ticker symbol VSF.



This release contains forward-looking statements about the Company's
future growth, profitability, introduction of new product and, competitive
position. Any such statements are subject to risks and uncertainties,
including changes in economic and market conditions, industry competition, raw
material prices, the success of new product introductions, management of
growth and other risks noted in the Company's filings with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance on
forward-looking statements, which reflect management's analysis only as of the
date hereof.

- - TABLES FOLLOW - -



VITA FOOD PRODUCTS, INC.
Condensed Consolidated Statement of Operations
(in thousands, except per share data)
(unaudited)

Three Months
Ended
Mar 31, Mar 31,
2007 2006 Change

Net sales $12,774 $12,788 (0%)
Cost of goods sold 8,813 8,892 (1%)

Gross margin 3,961 3,896 2%

Selling and administrative expenses
Selling, marketing & distribution 2,203 2,325 (5%)
Administrative 1,129 1,152 (2%)

Total 3,332 3,477 (4%)

Operating income 629 419 50%

Interest expense 323 325 (1%)

Income before income taxes 306 94 226%
Income tax expense 121 37 227%

Net income $185 $57 225%

Earnings per common share:
Basic $0.04 $0.01 300%
Diluted $0.04 $0.01 300%

Weighted average shares outstanding:
Basic 4,935 3,995
Diluted 4,936 4,016




--------------------------------------------------------------------------------
Source: Vita Food Products, Inc.

[panik]

2007-06-19
Purchase 2007-06-19
5:35 pm VITA FOOD PRODUCTS INC VSF LIPSON DAVID S
(Chairman of the Board
Director) 20,100 $1.681 $33,791 30,900
(Direct) View
2007-06-12
Purchase(A) 2007-06-19
4:15 pm VITA FOOD PRODUCTS INC VSF Douglas Robert C II
(Director) 5,000 $1.65 $8,250 20,000
(Direct) View
2007-06-12
Purchase 2007-06-13
3:33 pm VITA FOOD PRODUCTS INC VSF Douglas Robert C II
(Director) 5,000 $1.65 $8,250 5,000
(Direct) View
2007-06-05-
-2007-06-09
Purchase 2007-06-07
5:17 pm VITA FOOD PRODUCTS INC VSF Dolanski Edward P
(Director) 7,500 $1.592 $11,942 7,500

[50bager]

Vita Foods Reports Second Quarter 2007 Results
Monday August 13, 10:18 am ET


CHICAGO, Aug. 13 /PRNewswire-FirstCall/ -- For the second quarter ended June 30, 2007, Vita Food Products, Inc. (Amex: VSF - News) today announced a consolidated net income of approximately $29,000, or approximately $0.01 per share, compared to net income of approximately $15,000 or less than $0.01 per share in the second quarter of 2006. The Vita Seafood segment, which is primarily engaged in the processing and sale of herring products and smoked salmon products, experienced a net loss of approximately $(123,000) compared to net loss of approximately $(198,000) in the second quarter of 2006. This improvement for the Vita Seafood segment was primarily the result of reduced operating expenses. The Company's other business segment, Vita Specialty Foods, which is engaged in the processing and sale of salad dressings, barbeque sauces, marinades, honey and other specialty food products, offset the Vita Seafood net loss with net income of approximately $152,000 in the second quarter of 2007 compared to net income of approximately $213,000 in the second quarter of 2006. This decline for Vita Specialty Foods was primarily attributable to increased operating expenses, mainly selling and marketing expenses.

Consolidated net sales for the second quarter of 2007 were approximately $11,744,000, compared with approximately $11,828,000 in the second quarter of 2006. Vita Seafood's net sales for the second quarter of 2007 were approximately $5,269,000 compared to approximately $5,873,000 from the prior year quarter, representing a 10.3% decrease. The decrease was mainly due to lost distribution of salmon and specialty products. Vita Specialty Food's net sales for the second quarter of 2007 were approximately $6,475,000 compared to approximately $5,955,000 for the prior year second quarter, representing an 8.7% increase. The increase was a result of higher sales of brand named licensed sauce products partially offset by a reduction in sales of salad dressings and honey products. Consolidated gross margin for the second quarter of 2007 increased to approximately 30.6% from approximately 28.5% in the second quarter of 2006 primarily as a result of the changes discussed above.

"We are pleased to follow up our profitable first quarter with a profitable second quarter," said Clifford Bolen, the Company's President and Chief Executive Officer. "We increased our operating profit during the first half of this year by 28% compared with the same period last year. Cost controls and the removal of some unprofitable business contributed to these results. In the second half of 2007 we will seek to increase our revenues through new product growth and re-gained distribution."

Six-Month Results

For the six months ended June 30, 2007, the Company had a consolidated net income of approximately $214,000 or $0.04 per share, compared to a net income of approximately $72,000, or $0.02 per share for the six months ended June 30, 2006, an improvement of approximately $142,000 or $0.02 per share. The Vita Seafood segment had net income of approximately $20,000 compared to a net loss of approximately $(190,000) in 2006, an improvement of approximately $210,000 or 110.5%. Vita Specialty Food's net income was approximately $194,000 compared to $262,000 in 2006, a decline of approximately $(68,000) or (26.0)%.

Consolidated net sales for the six months were approximately $24,518,000, compared with approximately $24,617,000 for the six months ended June 30, 200, representing a decrease of approximately $(99,000) or less than (1.0)%. Vita Seafood's net sales were approximately $11,960,000 for the six months ended June 30, 2007, compared with approximately $13,274,000 for the six months ended June 30, 2006, representing a decrease of approximately $1,314,000 or 9.9% for the six-month ended June 30, 2006, primarily due to decreased salmon and specialty product sales. Vita Specialty Food's net sales were approximately $12,558,000 for the six months ended June 30, 2007, compared with approximately $11,343,000 for the six months ended June 30, 2006, representing an increase of approximately $1,215,000 million or 10.7%. The largest contributing factor to this increase was sales of sauces that were partially offset by decreased salad dressing sales.

The Vita Seafood division is a U.S. leader in the herring and retail packaged salmon markets, and is engaged in several other food segments, including cream cheese, cocktail sauce, tartar sauce and horseradish. The Company markets and sells these items under the Vita®, Elf® and Grand Isle® brands. More than 95% of Vita Seafood's sales are in kosher foods.

Vita Specialty Foods, Inc., the Company's wholly owned subsidiary, markets and sells honey, salad dressings, barbecue sauces and other meat enhancements and salsas. The Company markets and sells these items under the Virginia Brand®, Oak Hill Farms®, Scorned Woman®, Jim Beam®, Budweiser(TM), Dr Pepper®, 7UP® and A&W® brands.

The Company's common stock is currently traded on the American Stock Exchange and Chicago Stock Exchange under the ticker symbol VSF.



This release contains forward-looking statements about the Company's
future growth, profitability, introduction of new product and, competitive
position. Any such statements are subject to risks and uncertainties,
including changes in economic and market conditions, industry competition, raw
material prices, the success of new product introductions, management of
growth and other risks noted in the Company's filings with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance on
forward-looking statements, which reflect management's analysis only as of the
date hereof.

- - TABLES FOLLOW - -



VITA FOOD PRODUCTS, INC.
Condensed Consolidated Statement of Operations
(in thousands, except per share data)
(unaudited)

Three Months Six Months
Ended Ended
June 30, June 30, June 30, June 30,
2007 2006 Change 2007 2006 Change

Net sales $11,744 $11,828 (1%) $24,518 $24,617 (0%)
Cost of goods sold 8,146 8,456 (4%) 16,958 17,348 (2%)

Gross margin 3,598 3,372 7% 7,560 7,269 4%

Selling and
administrative
expenses
Selling, marketing
& distribution 2,327 2,097 11% 4,531 4,423 2%
Administrative 927 934 (1%) 2,056 2,085 (1%)

Total 3,254 3,031 7% 6,587 6,508 1%

Operating profit 344 341 1% 973 761 28%

Interest expense 295 314 (6%) 618 640 (3%)

Income before income
taxes 49 27 81% 355 121 193%
Income tax expense 20 12 67% 141 49 188%

Net income $ 29 $ 15 93% $ 214 $ 72 197%

Earnings per common
share:
Basic $ 0.01 $ - $ 0.04 $ 0.02

Diluted $ 0.01 $ - $ 0.04 $ 0.02

Weighted average
shares outstanding:
Basic 4,970 4,885 4,953 4,442
Diluted 4,974 4,939 4,956 4,479




--------------------------------------------------------------------------------
Source: Vita Food Products, Inc.

[50bager]

Dr Pepper barbecue sauce makes debut

Wednesday, August 01, 2007 15:17ET

CHICAGO, Aug 1, 2007 (UPI via COMTEX) -- Barbecue sauce flavored with the Dr Pepper soft drink is the newest line of novelty sauce a Chicago food company has rolled out to market.

Vita Food Products signed a licensing agreement with Cadbury Schweppes, the drink's owner and has limited U.S. regional distribution, but is in talks with other wholesalers, company spokesman Andrew Koperwas said.

The sauce is available on Vita's Web site for $2.29, advertised as having "the authentic 23-flavor blend" of Dr Pepper's cherry-almond-cola flavor.

The site also offers other specialty flavored barbecue sauces, including A&W Root Beer, Budweiser beer, Jim Beam whiskey and the Scorned Woman line of hot sauces and mustard.

[50bager]

2007-08-16
Purchase 2007-08-20
2:40 pm VITA FOOD PRODUCTS INC VSF Dolanski Edward P
(Director) 600 $1.35 $810 13,000
(Direct) View
2007-06-25
Purchase 2007-06-26
5:09 pm VITA FOOD PRODUCTS INC VSF Dolanski Edward P
(Director) 2,200 $1.85 $4,070 14,600
(Direct) View
2007-06-19
Purchase(A) 2007-06-21
5:20 pm VITA FOOD PRODUCTS INC VSF Dolanski Edward P
(Director) 4,900 $1.65 $8,085 12,400
(Direct) View
2007-06-06-
-2007-06-18
Purchase 2007-06-21
11:21 am VITA FOOD PRODUCTS INC VSF Dolanski Edward P
(Director) 11,900 $1.617 $19,237 7,500
(Direct) View
2007-06-19
Purchase(A) 2007-06-21
11:06 am VITA FOOD PRODUCTS INC VSF LIPSON DAVID S
(Chairman of the Board
Director) 20,100 $1.681 $33,791 30,900
(Direct) View
2007-06-19
Purchase 2007-06-19
5:35 pm VITA FOOD PRODUCTS INC VSF LIPSON DAVID S
(Chairman of the Board
Director) 20,100 $1.681 $33,791 30,900
(Direct) View
2007-06-12
Purchase(A) 2007-06-19
4:15 pm VITA FOOD PRODUCTS INC VSF Douglas Robert C II
(Director) 5,000 $1.65 $8,250 20,000
(Direct) View
2007-06-12
Purchase 2007-06-13
3:33 pm VITA FOOD PRODUCTS INC VSF Douglas Robert C II
(Director) 5,000 $1.65 $8,250 5,000
(Direct) View
2007-06-05-
-2007-06-09
Purchase 2007-06-07
5:17 pm VITA FOOD PRODUCTS INC VSF Dolanski Edward P
(Director) 7,500 $1.592 $11,942 7,500

[50bager]

Vita Announces New Director
Tuesday August 21, 1:48 pm ET


CHICAGO, Aug. 21 /PRNewswire-FirstCall/ -- Vita Food Products, Inc. (Amex: VSF - News) today announced that David Allen was elected as a member of its Board of Directors at the Company's Board Meeting held on August 15, 2007. Mr. Allen has been named Chairman of the Company's Audit Committee and has replaced Howard Bedford as a member of that Committee.

David Allen is a managing partner with Lake Pointe Partners, LLC and has over 30 years experience in working with underperforming companies. In the consumer products industry, specifically, he has served in both advisory and interim management roles with consumer products companies with annual revenues ranging from $450 million to $1.5 billion. Prior to joining Lake Pointe, Mr. Allen was a partner at several nationally recognized turnaround management firms. He began his career in the tax department of Arthur Andersen & Co. and served in management roles at Sara Lee Corp. Mr. Allen has been an active member of the Turnaround Management Association and a past president of the Association of Certified Turnaround Professionals, on whose board he served for several years. He has been President and a Director of the Indiana University Business School Alumni Association and has served on the Board of Directors for several privately held companies. Mr. Allen has a BS in accounting and an MBA from Indiana University.

The Vita Seafood division is a U.S. leader in the herring and retail packaged salmon markets, and is engaged in several other food segments, including cream cheese, cocktail sauce, tartar sauce and horseradish. More than 95% of Vita Seafood's sales are in kosher foods.

Vita Specialty Foods, Inc., the Company's wholly owned subsidiary, markets and sells honey, salad dressings, barbecue sauces and other meat enhancements and salsas. The Company markets and sells these items under the Virginia Brand®, Oak Hill Farms®, Scorned Woman®, Jim Beam®, Budweiser(TM), Dr Pepper®, 7UP® and A&W® brands.

For more information visit http://www.vitafoodproducts.com

The common stock of Vita Food Products, Inc. is currently traded on the American Stock Exchange and Chicago Stock Exchange under the ticker symbol VSF.

This release contains forward-looking statements about the Company's future growth and profitability. Any such statements are subject to risks and uncertainties, including changes in economic and market conditions, industry competition, raw material prices, the success of new product introductions, management of growth and other risks noted in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof.




--------------------------------------------------------------------------------
Source: Vita Food Products, Inc.

[50bager]

insider kaufen wieder zu!

2007-08-18-
-2007-08-21
Purchase 2007-08-22
11:59 am VITA FOOD PRODUCTS INC VSF Dolanski Edward P
(Director) 12,800 $1.442 $18,460 25,800
(Direct)