CEO Lance Funston commented, "Our first quarter results show that the efforts to reduce the company's overhead are taking effect. I am pleased to note that selling, general and administrative expenses in the first quarter of fiscal 2016 decreased almost 33% as compared to the first quarter of fiscal 2015. Management is continuing to explore how to make our operations more efficient in order to reduce costs further. At the same time, we are investing in our performing brands with new advertising as part of our efforts to increase shareholder value."
The company named a new president and CCO this season, as previously reported in Happi.