Consumer Goods industry alert provided by U.S. Equity News. Tootie Pie Company, Inc. (OTCBB:TOOT) announced that April 2010 unit sales jumped 13%, versus April, 2009.
“Coming on the heels of a 27% gain for March, I am very pleased with another solid monthly gain. Seven consecutive months of sales increases speaks well to the ongoing success of our marketing strategies,” said Don Merrill, President & CEO. “I continue to be impressed with the number of pies sold through our Tootie Pie Gourmet Cafés. In fact, we use our Cafés as examples to our wholesale customers.”
“Certainly, I expect this trend to continue,” added Merrill. “For example, I recently attended a marketing conference in New York City, where some of the top brands in America were present, networking and providing their insights as to the future trends affecting retailers.” Merrill said he was very pleasantly surprised at the interest many of these marketing executives expressed in Tootie Pie.
PepsiCo (NYSE: PEP), one of the world’s largest food and beverage companies, on Friday announced that it plans to invest an additional US$2.5 billion in China over the next three years. The newly announced investment is in addition to the US$1 billion investment the company announced in 2008, which will be completed this year.
“I am delighted to announce that over the next three years we expect to invest $2.5 billion in our food and beverage businesses inChina,” said PepsiCo Chairman and Chief Executive Officer Indra Nooyi, who is in Shanghai to visit the Shanghai Expo, where PepsiCo is a sponsor of the USA Pavilion. “This investment reflects very clearly our great confidence in Chinaand our long-term commitment to this very important, growing market. We look forward to continuing to evolve our business in China and offer Chinese consumers a full portfolio of foods and beverages ranging from soft drinks and juices to oatmeal and savory snacks.”
Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) recently announced that it is scheduled to present on Wednesday, May 26, 2010 at the 2010 Janney Consumer Conference in Boston, Mass.
GMCR’s investor presentation at the conference is scheduled for 1:50 p.m. ET and will be webcast live via a link from the Investor Relations section of the Company’s website at www.GMCR.com. The webcast also will be archived and available for replay for 90 days.
BAB, Inc. (OTCBB: BABB), Thursday announced that its Board of Directors has declared a cash distribution of $0.01 per share, payable on July 8, 2010, to shareholders of record as of June 23, 2010.
The Company believes that, for tax purposes a portion of the distribution and any future distributions that the Board may declare in 2010 (collectively, the “Distributions”) may be treated as a return of capital to shareholders to the extent of each shareholder’s basis, while the remaining portion of the Distribution may be treated as a dividend.
The portion of the Distributions that will be treated as dividends will not be determined until after December 31, 2010, as that portion is dependent upon the Company’s earnings and profit for tax purposes for its fiscal year ending November 30, 2010, and the Company will not be able to definitively calculate its earnings and profits until after the end of the fiscal year. The final determination will be reported to recipients of the Distributions on a tax information return in early 2011.
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Source: Financial News USA (May 24, 2010 – 9:05 AM EDT)