Food distributor sales rise 17%

BONITA SPRINGS — Innovative Food Holdings reported sales grew 17% to $6 million, but it posted a net loss in the most recent quarter as interest expense rose.

Innovative Food posted a net loss of $337,758 on revenues of $6 million in the quarter ending Sept. 30. That compared to net income of $1.6 million on revenues of $5.1 million in the same quarter in 2012.

“We delivered across-the-board organic growth by continuing to gain market share, bringing on new customers, adding more chefs and increasing sales to existing customers,” says Sam Klepfish, CEO of Innovative Food, in a statement.

“Turning to new growth catalysts, we expect that our continuing focus on expanding market share in the nationwide specialty foods market through existing and new partners, to make positive contributions in the coming quarters,” Klepfish says in the statement.

Innovative Food provides 7,000 specialty foods to 30,000 professional chefs and gourmet consumers across the country. You can read a recent story about the company here.