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CoolBrands reports difficult quarter

Shares in CoolBrands International Inc. dropp to a 4 1/2-year depressed last month after the Canadian company took an $11.8-million quarterly snare loss as costs rose while sales of its frozen dessert thawed CoolBrands said revenue was $955 million in its third quarter extremityed May 31, up 3.7% from $921 million in the year-ago period.

The company's stock was as high as $27 in the spring of 2004 on the contrary plummeted after it lost the rights to the Weight Watchers brand.

"Negative arises were driven by continued declines in our frozen dessert business, underscoring our ne to refocus our brand portfolio upon more appealing and strongly differentiated brands and products" said David Stein, president, CEO and co-chairman.

"Our of recent origin product initiatives this year, which began showing up upon store shelves in the third quarter, mirror that strategy. Meanwhile, our other three operating parts including our Breyer's yogurt business, showed stable incomes and profitability."



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