This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Edible Arrangements® Delivers Strong Growth During Third Quarter

WALLINGFORD, Conn., Nov. 6, 2012 /PRNewswire/ -- The third quarter was a season of growth for Edible Arrangements ® as the pioneer in hand-sculpted, fresh-fruit arrangements saw a 3 percent increase in same store sales over the same quarter last year, resulting in an 8 percent overall increase in sales for the year-to-date.

In addition to the sales growth, Edible Arrangements ® expanded its franchise network with the opening of seven new traditional Edible Arrangements ® stores, and three new Edible To Go ® locations. The leader in fresh-fruit arrangements also opened its second Berry Direct distribution facility in North Haven, Conn., to meet the needs of its Midwest and East Coast franchisees.

"The credit goes to our franchisees," said Founder and CEO Tariq Farid. "They continue to meet the growing demand for our products and do it with a level enthusiasm and exceptional customer service that makes our customers say, 'wow'."

Also during the third quarter, more than 700 franchisees, partners and vendors gathered in Orlando for the 7th Annual International Convention where Reva Gartzke of Austin, Texas, was named North American Franchisee of the Year, and Nourah Al-Rossais of Riyadh, Saudi Arabia, was named International Franchisee of the Year.

Edible Arrangements ® also launched "Fresh Fruit Cupcakes," a new product line featuring handcrafted cupcake-shaped pineapple slices dipped in gourmet white and semisweet chocolate topped with sprinkles. The new cupcake arrangement line includes the Confetti Fruit Cupcake™, Berry Confetti Cupcake™, Berry Lovely Cupcake™, Grand Berry Confetti Cupcake™, Grand Berry Lovely Cupcake™ and the Grand Confetti Fruit Cupcake™.

The company wrapped up the quarter with several online milestones, including reaching 500,000 "fans" on the Edible Arrangements ® Facebook page.

"This has been one of the strongest quarters in our history," said Farid. "We look forward to a great fourth quarter to wrap up the year."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs