For Immediate Release - April 25, 1996 BEN & JERRY'S ANNOUNCES FIRST QUARTER 1996 RESULTS

South Burlington, VT - Robert Holland, CEO of Ben & Jerry's Homemade, Inc. (NASDAQ;BJICA) today announced financial results for the Company's first quarter of 1996.

Net sales for the quarter ended March 30, 1996 were $37,889,000, an increase of 11% over net sales of $34,205,000 for the same period in 1995. Net income for the quarter was $1,364,000, an increase of 50% from net income of $911,000 for the first quarter of 1995. Net income per common share for the first quarter of 1996 was $0.19, compared to $0.13 for the same quarter of 1995, an increase of 46%.

Net income was positively impacted in the first quarter by the proceeds from an insurance claim settlement resulting from inventory damaged in 1995. This settlement increased earnings per share by $0.06

"We are pleased with these results," noted Holland. "Our operating income was up, even though the first quarter included marketing and sales expenditures associated with the launch of our new sorbet line in February, which were above the level of marketing and sales expenditures in the comparable 1995 quarter. Initial sales of the new sorbet line have been encouraging; however it is too soon for us to judge the long-term impact of this new product on our overall market position. The sorbet launch (and increased promotional expenditures) will be continuing in the second and third quarters of this year, including an extensive product sampling program."

Holland also noted that the Company's manufacturing facility in St. Albans, VT is now producing at a level that has had a positive impact on the Company's operations. "There are still major challenges for us to face both on the sales and operational sides of our business," he stated, "but having all of our production at our own facilities gives us a sense of our potential for improving our operational effectiveness."

Holland further announced that the Company's Annual Meeting of Shareholders will be held on Saturday, June 22, 1996 at 10:00 AM at the Sugarbush North Resort in Warren VT, followed by the Ben & Jerry's One World One Heart Festival to be held that day at the Sugarbush South Resort.

Ben & Jerry's produces superpremium ice cream, ice cream novelties, lowfat and nonfat frozen yogurt, and sorbets using Vermont dairy products and other high quality natural ingredients. Ben & Jerry's products are distributed nationwide in supermarkets, grocery stores, convenience stores, restaurants, and other venues. The Company franchises Ben & Jerry's scoop shops, including three in Canada. The Company is also a joint partner in a production and scoop shop venture in Karelia, Russia; has a licensing agreement with an ice cream manufacturing and marketing company in Israel; and sells its products in the United Kingdom, Ireland, and France.

Ben & Jerry's Homemade, Inc. Condensed Statements of Income
(In thousands except per share data)
(unaudited)
Thirteen Weeks Ended
March 30, 1996April 1, 1995
Net sales$37,889$34,205
Gross Profit 11,965 9,702
Selling, general &
administrative expense
10,356 8,264
Operating income 1,609 1,438
Other income 592 88
Income before income taxes 2,201 1,525
Net income 1,364 911
Net Income per common share $0.19 $0.13
Weighted average common and
common equivalent shares outstanding
7,2427,164


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Ben & Jerry's Homemade, Inc.
30 Technology Park
South Burlington, VT 05403
802 651-9600 FAX 802-651-9647