Goya Foods on track for big earnings
Homes are in foreclosure, banks are topping and the nation's credit markets are tight.
But Goya Foods Inc. is going strong. In fact, the Secaucus, N.J.-based business - the largest, Hispanic-owned food company in the United States - is on track to generate $1 billion in sales this year.
"When we talk to our sales people and plan our marketing strategy we see no reason why we shouldn't grow 20 to 25 percent over the next five years," said Evelio Fernandez, Goya's vice president.
In the short term, that growth will include an expansion of the company's Salt Lake Avenue facility in Industry, which serves as Goya's West Coast distribution center.
Well, it's nice to know that at least ONE company is doing well in this economic climate ...
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Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
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Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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