Long Island Iced Tea Corp. Provides Sales Guidance for the Fourth Quarter and Full Year Ended December 31, 2016
January 09, 2017 at 06:30 pm IST
Long Island Iced Tea Corp. provided sales guidance for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total net sales were $1,587,000 against $502,000 a year ago.
For the year, the company reported total net sales were $5,000,000 against $1,899,000 a year ago. Estimated net sales growth is primarily due to growth in 20oz container sales, increased distribution of gallon containers and introduction of the Alo Juice® brand.