Smart Balance Inc., which distributes a line of healthy food products, said it expects operating sales will grow by 30 percent and affirmed its long-term revenue target.
The company's outlook for the year implies sales on an operating basis of $228.2 million. In 2007, the company reported $175.5 million in sales on an operating basis.
Analysts polled by Thomson Financial expect revenue of $234.9 million for the year.
The company offered the guidance Thursday at an investor conference.
Also on Thursday, the company reiterated its three to five year revenue target of $500 million.
Smart Balance said it will introduce new products; including buttery spreads with Omega-3, extra virgin olive oil buttery spreads with Omega-3 and a butter/Smart Balance blend in a stick format. The new items will be available nationally by the third quarter, the company said.
Smart Balance shares rose 5 cents to $8.26 in morning trading.
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