Amplify Snack Brands’ revenue surges 91 percent
Austin-based firm’s fourth quarter figures top expectations.
Austin-based Amplify Snack Brands saw its revenue surge in the fourth quarter in the wake of its acquisition of U.K.-based snack foods company Tyrrells, the company said Wednesday.
The snack foods company reported revenue of posted revenue of $88.6 million in the fourth quarter, a 91 percent jump from the same quarter the previous year.
That topped Wall Street forecasts, as analysts surveyed by Zacks had projected revenue of $87.2 million.
The company reported profit of $8.5 million, or 11 cents per share, for the quarter. Adjusted
SkinnyPop popcorn is among the products produced by Amplify Snack Brands. SkinnyPop, Amplify’s flagship brand, is sold nationwide at stores including Wal-Mart, Whole Foods, 7-Eleven and Walgreens.