Armanino Foods of Distinction, Inc., Reports Highest Quarterly and Annual Net Sales Ever - Seite 2

Anderson continued, “The effects of the Omicron variant and inflationary pressure have us guarded for the near term as the global rise in COVID cases over the past few months have disrupted our sales distribution channels. However, we are confident that we will continue to successfully navigate through the current economic challenges and beyond.”

Anderson concluded, “We remain committed to investing in our brand, while optimizing marketing and cost spend to position the Company for sustained growth with a focus on new products, new markets and potential acquisitions.”

Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Light Basil Pesto, Chimichurri, Harissa, Bolognese, Alfredo sauce, Creamy Garlic, and Romesco. Armanino’s organic line includes classic Basil Pesto. Armanino Foods also offers cheese shakers, frozen pastas, and meatballs.

Armanino Foods of Distinction, Inc. Results for Quarter Ended December 31, 2021 (Unaudited)
	2021	2020
Net Sales	$11,924,678	$8,597,794
Income Before Taxes	$2,040,241	$919,734
Net Income	$1,796,842	$909,746
Basic Income Per Common Share	$0.0560	$0.0284
Weighted Average Common Shares Outstanding	32,065,645	32,065,645
Diluted Income/(Loss) Per Common Share