Nabisco sales up in quarter

Published on .

Nabisco Holdings Corp., Parsippany, N.J., said net income for the 3rd quarter, excluding non-recurring expenses, increased 13% over a year ago to $80 million. Worldwide net sales of $2.24 billion were up 9%. Excluding the impact of restructuring, operating income for the quarter was $225 million, up 15%. Excluding the restructuring expenses in 1996 and an extraordinary item in 1995, net income for the first nine months was $223 million, up 13% on net sales of $6.41 billion, up 8%. The company said its Nabisco Biscuit Co. unit reported strong sales of Oreo, Ritz, Chips Ahoy! and the new Air Crisp line. It reported weaker sales for SnackWell's and Newtons.

In this article:
Most Popular