The Sweet Smell of Success! Smells Like Tootie PIE!
Tootie Pie Company, Inc. (OTCBB: TOOT)
Tootie Pie is establishing its reputation at the high end of the niche market for PIE! It is fresh (literally and figuratively) off its recent First Place win at the 2007 APC/Crisco® National Pie Championship, Commercial Division, held recently in Orlando, Florida. (Big note of caution – do NOT link to National Pie Council if you are hungry! The pies sound delicious! Instead Link to Tootie Pie and just order their winning entry: Coconut Supreme! They all look delicious!)
Tootie Pie’s revenues are principally derived from selling their pies to individuals, corporations, and distributors. Due to the seasonal nature of their business, Tootie Pie expects there will be large fluctuations in the percentage breakdown between the categories of their business reported at the various reporting periods. Their retail and corporate customers buy throughout the year, however, the vast majority of their revenue from their retail and corporate customers is during November and December, or their third quarter. Sales to their wholesale customers do not experience the high seasonal fluctuations that Tootie Pie experiences with their retail and corporate customers. Tootie Pie anticipates the strongest sales periods for their wholesale business to be from April through December, or their first, second and third quarters.
Prepared Take Out Items for Holidays in Upward Trend
Tootie Pie has good reason to anticipate an ever expanding holiday sales success! The National Restaurant Association has recently indicated that increasingly activity-rich, time-poor lifestyles are prompting more people to turn to restaurants to help simplify items for Thanksgiving Day, and pies are an integral part of Thanksgiving Day celebrations. The search for a premium pie is fundamental to this feast time of the year.
While one in 10 consumers dines out on Thanksgiving Day, 53 percent use restaurant-prepared takeout items for all or part of their holiday meals including desserts and pies.
The nation’s 925,000 restaurants are an essential part of the lifestyle of more than half of all Americans on Thanksgiving Day. This option allows time-starved Americans more time to enjoy the holiday without cooking or cleaning.
The National Restaurant Association indicated that for 2006 fifty-three percent of Americans will rely on food prepared away from home for part or all of their Thanksgiving dinners by utilizing restaurant takeout options, according to the research. Eleven percent of Americans have their Thanksgiving Day meal at a restaurant.
Consumers living in smaller households and households without children are more likely to dine out on Thanksgiving. Males are more likely than females to eat at a restaurant on the holiday. Generally, younger adults are more likely to use restaurant takeout items as part of their Thanksgiving meal at home, the research found.
Tootie Pie Wholesale and Retail Market Covers All Bases
By working with food service organizations Tootie Pie is able to expand its sales without expanding its expense. Both Ben E. Keith and Sysco are in a growth mode which is supported by both their physical expansion within Tootie Pie’s geographical area and as indicated by their sales figures.
Tootie Pie is also participating in the holiday take out growth mode for retail consumer sales.
Tootie Pie is enjoying the sweet smell of Pie Success!
View the StockGuru Profile for Tootie Pie
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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Forward Looking Statement: This release contains “forward-looking statements” based on current expectations but involving known and unknown risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company’s plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements. Except for the historical information contained herein, the matters discussed in this release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See filings with the Securities and Exchange Commission, including, without limitation, recently filed Form 10-KSB and 10-QSB.