Q3 Rescues Honey Bun’s Financial Performance
Q3 Rescues Honey Bun’s Financial Performance
While earnings for the nine month period were virtually flat, Honey Bun delivered a strong outturn in the third quarter (Q3). In Q3, sales increased by 14% while profits increased for that period by 406% over the prior year period to $11.8Mn. This was mainly as a result of significant improvement in the management of inventory and greater efficiencies in production.