Clearwater CEO Links Losses To Lack Of Supply
May 10, 2013 | 1 min to read
The fundamentals of supply and demand drove Clearwater Seafood Inc.’s first-quarter 2013 results.
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“The only thing holding us back was lack of supply,” Ian Smith, Clearwater’s chief executive officer, said Wednesday in an interview.
The Bedford seafood company reported a loss of $1.77 million (six cents a share) on sales of $68.3 million for the quarter ended March 30.
That compared with a loss of $2.9 million (nine cents a share) on sales of $70.8 million for the same 2012 period.
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