Inventure Foods, Inc. (Nasdaq: SNAK), a leading specialty food marketer and manufacturer, today announced that it has been named to Forbes magazine's "America's Best Small Companies"list for 2013. Inventure ranks number 41, a significant jump from the 85th spot the company held in last year's rankings.
Inventure is one of just two food companies to land among the top 50 spots on the list. The company appears in the Oct. 28 print edition of Forbes as part of its profile on "The 50 Best Small Companies."
Forbes' annual list of "America's Best Small Companies"highlights the top 100 publicly traded companies with sales under $1 billion, which the publication ranks based on return on equity, sales growth and earnings growth over the past year and the past five years. Forbes' methodology also factors in each company's stock performance versus their peer group during the past 12 months.
For the five-year period ending December 31, 2012, Inventure Foods posted a 203.7 percent increase in revenue. The Company's stock price is up 74.7 percent year to date as of October 25, 2013.
"We are honored to be recognized by Forbes as one of the best small companies in America for the second year in a row,"said Terry McDaniel, Chief Executive Officer of Inventure Foods, Inc. "Our consistent revenue growth has been supported by our strong, diversified portfolio of national brands, our expanding geographic footprint and distribution channels, and our talented associates who are dedicated to bringing innovative products to market."
For Forbes' complete list of 2013 "Best Small Companies in America,"please visit www.forbes.com/100best.
Source: Inventure Foods
Inventure Foods Named to Forbes List of America's Best Small Companies For Second Consecutive Year
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