BOULDER — After a money losing 2014, Boulder Brands (Nasdaq: BDBD), owner of Udi’s, Evol and Earth Balance, posted net income of $1.8 million in the first quarter of 2015, up from $412,000 in the first quarter of 2014.
At the same time, sales increased 5 percent to $129 million, up from $122.9 million during the same period last year.
How a business manages its inventory can have a tremendous impact on the financial health of the company. Managed properly, inventory can be a great source of increased margins, higher revenue, or a combination of the two.
The company said it expects revenue growth this year of 6 percent to 8 percent to between $550 million and $560 million. Last year the company posted a loss of $127 million.
In a statement CEO Stephen Hughes described the results as “solid.”
“Overall, we are pleased with the first quarter and remain focused on delivering on our plan throughout the rest of 2015,” he said.
Boulder Brands shares closed up slightly at $9.99.