Dreyer’s sales up, profit affected by Nestlé deal

USA – The largest ice cream producer in the USA, Dreyer’s Grand Ice Cream, said this week that sales for the three months to 29 June were up on the same period last year, although profit was offset by costs from a recent deal with Nestle.

For the period, Dreyer’s saw sales up 12% on last year at $376 million (€378.2 million). This included a 6% rise in the company’s branded products, which it said was driven by increased sales from its premium brands.

For 2001, Dreyer’s turnover topped €1.4 billion. In June, Nestle announced that it would merge its ice cream business in the USA with Dreyer’s in return for a 67% stake in the company. Nestle currently controls around 13% of world ice cream production.