date:May 11, 2012
The companys Q1 sales were up 1.1% on last year to $388m and increased 4.2% excluding the impact of the independent business owner (IBO) route system conversion. Net income rose 31% to $14.3m.
Core brand strength
Snyders results were driven by its three core brands: Snyder's of Hanover pretzels, Lance sandwich crackers and Cape Cod kettle chips.
These brands all grew in double digits during the quarter.
The company plans to focus on these three brands as part of its growth strategy.
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