Pacific Ventures Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 23, 2021 at 10:12 pm IST
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Pacific Ventures Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 11.580 million compared to USD 8.688 million a year ago. Operating loss was USD 740,776 compared to USD 660,824 a year ago. Net loss was USD 1.160 million compared to USD 1.074 million a year ago. Basic loss per share from continuing operations was USD 0.064 compared to USD 0.94 a year ago. Diluted loss per share from continuing operations was USD 0.06403 compared to USD 0.93989 a year ago. For the half year, sales was USD 18.841 million compared to USD 15.388 million a year ago. Operating loss was USD 1.414 million compared to USD 1.063 million a year ago. Net loss was USD 2.322 million compared to USD 1.861 million a year ago. Basic loss per share from continuing operations was USD 0.128 compared to USD 1.629 a year ago. Diluted loss per share from continuing operations was USD 0.12813 compared to USD 1.62905 a year ago.
Pacific Ventures Group, Inc. is a consumer-centric distribution company focused on food, beverage, and alcohol-related products. Through its portfolio of subsidiaries, the Company delivers specialty groceries, proteins and produce, and products to consumers through wholesale, retail, and direct-to-consumer channels. Its subsidiaries include San Diego Farmers Outlet, Seaport Meat Company, and Snobar Holdings, Inc. (Snobar). San Diego Farmers Outlet is a supplier of fresh fruits and vegetables and specialty groceries for retail customers and wholesale restaurants. Seaport Meat Company manufactures custom processed beef, pork, chicken, lamb, veal and seafood. Its meats are offered in restaurants and butcher shops. SnoBar offers SnoBar Frozen Cocktails, an alcohol infused ice-pops, ice cream and sorbet. SnoBar offers three types of ice-pops namely Margarita, Mojito and Cosmopolitan. SnoBar provides ice cream in a range of flavors, such as grasshopper, pink squirrel, and brandy alexander.
PACIFIC VENTURES GROUP, INC. 