Pacific Ventures Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 15, 2021 at 05:28 pm EDT
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Pacific Ventures Group, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 30.212 million compared to USD 5.918 million a year ago. Operating loss was USD 3.677 million compared to USD 1.703 million a year ago. Net loss was USD 5.861 million compared to USD 2.652 million a year ago. Basic loss per share from continuing operations was USD 0.34744 compared to USD 0.00465 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.