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Message Boards Settings Tasty Baking Co. (TSTY) - Quote Info
Re: More Stale as I've Predicted      5-Nov-09 11:40 pm    
Here's another quote for you:

Charles Pizzi - "Tasty continued to execute on its goal of growing its market share profitably as it outpaced the category both in terms of sales dollars and unit growth during the third quarter of 2009."

From 3rd Qrtr 08 to 3rd Qrtr 09 the company grew net sales by $1.8% or $800K and their Net Loss decreased from -$1.4M to -$0.5M or $900K. However in '08 they took an after tax charge of $1M related to the planned severance related to the new bakery, apposed to '09 inwhich the apparently reversed part of this charge off - resulting in a $400K benefit to Net Income. So if you add back the $1M in '08 the Net Loss would have been -$400K, and if you reduce the '09 results by the $400K benefit the Net Loss would increase to -$900K.

So this means that the company added $800K in Net Sales, but lost an additional $500K from the actual business operations.

Not quite sure how that performance results in "Tasty continued to execute on its goal of growing its market share profitably".
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finresch

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  Subject Author Rating Time of Post (ET)  
 
An excerpt from the Earnings Call: "Growth in the ro...
insideskoop Rate it 3-Nov-09 01:20 pm  
 
If you were CEO what changes would you strive for ...
hot_n_activ... Rate it 3-Nov-09 05:34 pm  
 
Solicit supplemental displays whenever possib...
snakattak Rate it 5-Nov-09 12:06 pm  
 
They are laying off 215 people. There wi...
jab1028643 Rate it 5-Nov-09 12:59 pm  
 
I agree with you 100%. They should all be fired.
jab1028643 Rate it 3-Nov-09 05:44 pm  
 
Re: More Stale as I've Predicted
finresch Not rated 5-Nov-09 11:40 pm  
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Tasty Baking Co. (TSTY)

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