Galaxy Nutritional Foods Inc. (GXYF.OB) Reports Net income of $1.3M
Galaxy Nutritional Foods Inc., started in 1980, is a developer and marketer of plant-based cheese alternatives, organic dairy and other organic and natural food products to grocery and natural foods retailers, mass merchandisers and foodservice accounts. Galaxy’s products are geared towards the vegetarian and vegan, although they appeal to the general health advocate as well, and are sold worldwide. Its US brands are Galaxy Veggieâ, Riceâ, Veganâ, and Vegan and Wholesome Valley Organicâ. Orlando-based Galaxy Foods, under pressure from cost increases in critical commodities, selectively raised prices, pursued cost savings in other areas, and emphasized non-casein products (casein is a…