Tootie Pie Company, Inc. (OTCBB: TOOT)
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. Wholesale distribution provides a reliable and sustainable market for growth.
U.S. restaurant sales are expected climb 5% to a record $537 billion, along with growth across all categories and regions noted the National Restaurant Association. “The industry is heading into 2007 as an economic powerhouse and an essential part of Americans’ lifestyle, with Americans spending 47.9% of their food budget in restaurants,” the group said in the report.
Looking ahead to its 16th consecutive year of growth, the industry expects restaurants to have an overall impact of more than $1.3 trillion on the nation’s economy.
Sales at full-service restaurants, a category that includes places like Darden Restaurants Inc.’s (DRI) Red Lobster are expected to crack $181 billion in 2007, up 5.1% Growth is expected in all nine U.S. regions, with the Mountain region posting the strongest at 6.7%, followed by the South Atlantic region at 6.2% and West South Central region also at 6.2%. Nevada will lead all states, posting sales growth of 8.1%, followed by Arizona at 7.6% and Florida at 7.1%.
Participating in the wholesale distribution of Tootie Pies provides a channel of sales with both a sustained growth outlook and method of sales with a manageable and known cost of sales.
Stay tuned for more on Tootie Pie!
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Tootie Pie Company, Inc.
129 Industrial Drive
Boerne, TX 78006
Phone: (210) 737-6600
Fax: (210) 237-4750
Website: www.tootiepieco.com
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