Lincoln, NE - Investors and analysts alike were surprised this week as The Basket Is Full, Inc. beat the street with its third quarter of fiscal year 2016.
“We are very pleased with our third quarter financial results, which reflect meaningful improvement in our traffic and sales trends and much stronger-than-expected profitability,” explained Pur Java Brand CEO Jonathan Primo Fuego Galicia in the report. “Favorable gross margin mix and efficient execution by our team drove third quarter EPS performance well beyond our guidance. We also continued to gain market share in key Signature Categories and saw strong sales at Hy-Vee and Natural Grocers locations in Nebraska this Quarter.
“As we move into the biggest quarter of the year, we are pleased with our position and confident that our team will continue to deliver great products to Hy-Vee and Natural Grocers shelves. The Manufacture even raised its expectations for fourth quarter comparable sales, expecting growth to 4.0 percent.