Crystal Rock Holdings, Inc. Announces Financial Results for its Fiscal First Quarter Ended January 31, 2017
(firmenpresse) - WATERTOWN, CT -- (Marketwired) -- 03/16/17 -- Crystal Rock Holdings, Inc. (NYSE MKT: CRVP) announced its financial results for its first fiscal quarter ended January 31, 2017. These results will be filed on Form 10-Q with the Securities and Exchange Commission today.
Total sales for the first quarter decreased $1.4 million from $16.1 million in the first quarter of fiscal 2016 to $14.7 million during the same period in fiscal 2017. Gross profit increased $104 thousand during the first quarter, going from $7.6 million in 2016 to $7.7 million during the same period in fiscal 2017.
Operating expenses increased $221 thousand or 3% to $7.5 million in fiscal 2017 from $7.2 million in the comparable period of fiscal 2016.
Operating income decreased $117 thousand in the first fiscal quarter of 2017 resulting in operating income of $232 thousand compared to an operating income of $349 thousand for the comparable period of fiscal 2016. The net loss for the quarter ended January 31, 2017 was $75 thousand compared to a net loss of $30 thousand for the first fiscal quarter of 2016.
"First quarter results reflect higher water sales in fiscal 2017 than in 2016, yielding higher gross profits. Our management direction, customer service and technology platforms will continue to emphasize a broader customer experience focusing on the Company''s multi-channel go to market strategies," said Peter Baker, President and CEO, Crystal Rock Holdings, Inc. "We are highly encouraged that our customer acquisition and renewal rates remain strong in a highly competitive market. There is a demand for premium value and service that minimize aftermarket service disruption and customer confusion that plague many low cost-only providers. Our results are proof of that demand."
Crystal Rock Holdings, Inc. (NYSE MKT: CRVP), operating through its subsidiary Crystal Rock LLC, markets and distributes water and coffee service, office supplies, refreshment beverages and other break room items to the commercial office and at home markets throughout the Northeast. For over 100 years, the company has provided quality and high value service, and it''s the largest independent delivery provider of its kind in the United States. It bottles and distributes natural spring water under the Vermont Pure® brand, purified water with minerals added under the Crystal Rock® Waters label and it roasts and packages coffee under its Cool Beans® brand. Launched in 2010, the Crystal Rock Office® brand features traditional office supplies, break room items, furniture and janitorial and sanitation products. The majority of its sales are derived from a route distribution system that delivers water in 3- to 5-gallon reusable, recyclable bottles, and coffee in fractional packs or pods. Crystal Rock believes "Little Things Matter™" to the customer experience with high standards for delivering premium service excellence and results in customer productivity - at work or at home. Through technical innovation, a branded customer experience and a commitment to community and environment, Crystal Rock family values are integral to the relationships between employees and customers. More information is available at CrystalRock.com.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 1493006
Anzahl Zeichen: 3031
contact information:
Contact person:
Town:
WATERTOWN, CT
Phone:
Kategorie:
Beverages
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 243 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Crystal Rock Holdings, Inc. Announces Financial Results for its Fiscal First Quarter Ended January 31, 2017
"
steht unter der journalistisch-redaktionellen Verantwortung von
Crystal Rock Holdings, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
