Coolbrands International, Inc., Ontario, last month reported losses of $6.9 million for its third quarter, saying that the conclusion of an important contract with Weight Watchers and costs relating to the development of new brands were the major factors.
Coolbrands International, Inc., Ontario, last month reported losses of $6.9 million for its third quarter, saying that the conclusion of an important contract with Weight Watchers and costs relating to the development of new brands were the major factors.
Revenues in the quarter totaled $119.7 million, showing a decline of 14% from the third-quarter in the previous year. In the same period, net losses were down eight-cents to $0.12 per basic and diluted share.