Pacific Ventures Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 21, 2023 at 10:40 am EST
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Pacific Ventures Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 7.5 million compared to USD 9.92 million a year ago. Net income was USD 0.047891 million compared to net loss of USD 1.61 million a year ago. Basic earnings per share from continuing operations was USD 0.00006 compared to basic loss per share from continuing operations of USD 0.00487 a year ago.
For the nine months, sales was USD 22.57 million compared to USD 30.84 million a year ago. Net loss was USD 2.17 million compared to USD 5.04 million a year ago. Basic loss per share from continuing operations was USD 0.00263 compared to USD 0.01522 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. 
