Following a major new announcement from the company last Friday, it may be a good idea for investors to perhaps start tracking the Armanino Foods of Distinction Inc (OTCMKTS:AMNF) stock week.
Trading Data
On Friday, AMNF stock moved up 1.64% to $3.7100 with 22.83K shares, compared to volume of 13.20K shares. The stock moved within a range of $3.5500 – 3.7225 after opening trade at $3.7225.
Armanino Foods of Distinction, Inc. Reports Highest Fourth Quarter and Annual Net Sales and Pretax Profits Ever
The company announced last Friday that it had recorded the biggest quarterly net sales, biggest yearly pre-tax profits and biggest annual net sales for the periods that had ended on December 31, 2022. It was a significant new achievement for the company and also marked the 78th straight quarter in which it had been profitable. In this tuition, it could be a good move for investors to actually take a look into the numbers.
In the fourth quarter, the company managed to generate net sales to the tune of $13,717,899 and that proved to be a significant improvement of 15% on the $11,924,678 that it had generated in the prior year period. On the other hand, the net income for the fourth quarter came in at $1,446,209, which reflected a year on year drop of 20% from the net income of $1,796,842 in the prior year period. The annual net sales stood at $57,873,545 and that reflected a year on year boost of as much as 32%.
