Amplify Snack Brands (BETR) Reports In-Line Q1 EPS; Bumps Outlook
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Amplify Snack Brands, Inc. Reports First Quarter 2016 Financial Results
May 2, 2016 4:05 PM EDT
First Quarter Net Sales Increased 22.7% Year-Over-Year to $54.3
Million
First Quarter Adjusted EBITDA of $19.6 Million
Company
Raises Full Year Fiscal 2016 Outlook
Completes Strategic
Accretive Acquisition of Boundless Nutrition
AUSTIN, Texas--(BUSINESS WIRE)-- Amplify Snack Brands, Inc. (Amplify or the Company) (NYSE: BETR) today reported financial results for the three months ended March 31, 2016.
Three Months Ended March 31, 2016 Highlights
Net sales were $54.3 million, up 22.7% year-over-year Gross profit was $28.4 million, representing 52.3% of net sales GAAP net income was $8.4 million, or $0.11 per fully diluted... More