Inventure Foods Named to Forbes List of America's Best Small Companies For Second Consecutive Year
2013 Marks First Top-50 Appearance For Growing Specialty Food Company
PHOENIX, Oct. 28, 2013 /PRNewswire/ -- Inventure Foods, Inc. (Nasdaq: SNAK), a leading specialty food marketer and manufacturer, today announced that it has been named to Forbes magazine's "America's Best Small Companies" list for 2013. Inventure ranks number 41, a significant jump from the 85th spot the company held in last year's rankings.
Inventure is one of just two food companies to land among the top 50 spots on the list. The company appears in the Oct. 28 print edition of Forbes as part of its profile on "The 50 Best Small Companies."
Forbes' annual list of "America's Best Small Companies" highlights the top 100 publicly traded companies with sales under $1 billion, which the publication ranks based on return on equity, sales growth and earnings growth over the past year and the past five years. Forbes' methodology also factors in each company's stock performance versus their peer group during the past 12 months.
For the five-year period ending December 31, 2012, Inventure Foods posted a 203.7 percent increase in revenue. The Company's stock price is up 74.7 percent year to date as of October 25, 2013.
"We are honored to be recognized by Forbes as one of the best small companies in America for the second year in a row," said Terry McDaniel, Chief Executive Officer of Inventure Foods, Inc. "Our consistent revenue growth has been supported by our strong, diversified portfolio of national brands, our expanding geographic footprint and distribution channels, and our talented associates who are dedicated to bringing innovative products to market."
For Forbes' complete list of 2013 "Best Small Companies in America," please visit www.forbes.com/100best.
About Inventure Foods, Inc.
With manufacturing facilities in Arizona, Indiana, Washington and Oregon, Inventure Foods, Inc. (Nasdaq: SNAK) is a marketer and manufacturer of specialty food brands in better-for-you and indulgent categories under a variety of Company owned and licensed brand names, including Boulder Canyon Natural Foods®, Jamba®, Seattle's Best Coffee®, Rader Farms®, T.G.I. Friday's®, Nathan's Famous®, Vidalia Brands®, Poore Brothers®, Tato Skins®, Willamette Valley Fruit Company™ and Bob's Texas Style®. For further information about Inventure Foods, please visit www.inventurefoods.com.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ from the forward-looking statements contained in this press release and that may affect the Company's prospects in general include, but are not limited to, general economic conditions, increases in cost or availability of ingredients, packaging, energy and employees, price competition and industry consolidation, ability to execute strategic initiatives, product recalls or safety concerns, disruptions of supply chain or information technology systems, customer acceptance of new products and changes in consumer preferences, food industry and regulatory factors, interest rate risks, dependence upon major customers, dependence upon existing and future license agreements, the possibility that we will need additional financing due to future operating losses or in order to implement the Company's business strategy, acquisition and divestiture-related risks, the volatility of the market price of the Company's common stock, and such other factors as are described in the Company's filings with the Securities and Exchange Commission.
SOURCE Inventure Foods, Inc.
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