Jones: Dippin' Dots Swung From $3M Profit to Loss in 2007
Curt Jones (Kurt Jones) · Dippin' Dots: Curt Jones · Sep 9, 2019 · at 48:12
Dippin' Dots founder Curt Jones discusses how surging commodity input costs during 2006–2007 quickly wiped out company profitability right before the 2008 financial crisis.
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“Was the fact that milk prices had gone up 34% that year. Gas prices started going up a lot between 2006 and 2007. And then our liquid nitrogen cost went up like 10%. And so all of a sudden, on, on almost the same sales, we had went from like a net of two or three million dollars in profits to a loss, actually.”
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