| Business Summary | | Armanino
Foods
of
Distinction,
Inc.
is
engaged
in
the
production
and
marketing
of
upscale
frozen
food
products,
including
primarily
pesto
and
other
Italian-style
sauces,
stuffed
and
flat
pasta
products,
focaccia,
meatballs
and
entree
products.
These
products
are
marketed
through
a
network
of
food
brokers
and
sold
to
retail
and
foodservice
distributors,
club-type
stores
and
industrial
accounts.
The
Company
developed
a
value-added
formulated
version
of
its
meat
ravioli
and
lasagna
entree
products,
sold
under
the
Italian
Holiday
label,
which
services
government-type
institutional
customers,
as
well
as
foodservice
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Armanino
is
engaged
in
the
production
and
marketing
of
upscale
and
innovative
food
products,
including
primarily
frozen
pesto
and
other
Italian-style
sauces,
frozen
stuffed
pasta
products,
frozen
focaccia
and
frozen
meatballs.
For
the
six
months
ended
6/30/01,
net
sales
fell
4%
to
$6.7
million.
Net
income
fell
47%
to
$223
thousand.
Revenues
reflect
lower
sales
in
the
pasta
and
meatball
product
lines.
Earnings
also
suffered
from
increased
promotional
spending. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Armanino, 73 Chairman,
Pres, CEO | $224K | David Scatena, 59 Vice
Chairman | -- | Edmond Pera, 60 CFO,
Treasurer, Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|