Third Quarter Results:

Consolidated net sales for the quarter ended September 25, 1999 increased by 4.0% to $67,129,000 compared to $64,566,000 for the same period in 1998. Net income for the quarter increased 22.2% and totaled $3,535,000 as compared to net income of $2,892,000 for the same period in 1998. Diluted net income per common share was $0.47 in the third quarter of 1999 compared to diluted net income per common share of $0.39 in the third quarter of 1998.

Consolidated net sales for the first nine months of 1999 increased by 12.4% to $185,366,000 compared to 1998 sales for the same period of $164,870,000. Net income increased 47.1% and was $7,946,000 for the first nine months of 1999, compared to $5,402,000 for the first nine months of 1998. Diluted net income per common share for the first nine months of 1999 was $1.05 compared to $0.72 for the first nine months of 1998.

The Company experienced both an increase in net sales and improvement in its gross profit margin as compared to 1998's third quarter. The increase in net sales for the third quarter was driven by continued domestic growth in the Company's core pint business as well as an increase in net sales in the United Kingdom partially offset by a decrease in net sales to the Japanese market.

The Company's gross profit margin increased to 41.4% as compared to 37.5% in the same period last year, primarily as a result of decreases in dairy prices as compared to the extraordinarily high dairy prices experienced in 1998. Selling, general and administrative expenses increased 11.6% as compared to last year's third quarter and increased as a percentage of net sales to 33.3% from 31.0%. The increase in selling, general and administrative expenses primarily reflects increased advertising and promotion expenses. In addition, the Company is continuing to invest more heavily in its international operations, most notably in the United Kingdom, Japan and Israel (where the Company made the previously disclosed majority equity investment), in order to capitalize on further opportunities to grow its ice cream sales outside the United States.

During the third quarter of 1999 the Company repurchased a total of 199,800 shares of the Class A common stock for approximately $3.9 million. The repurchase program announced in September 1998 authorized the Company to purchase shares of its Class A common stock up to an aggregate of $5 million for use for general corporate purposes. In September 1999 the Board of Directors approved additional stock repurchases of $3 million of its Class A common shares.

Ben & Jerry's 1999 new product introductions have performed well in the third quarter with three new pint flavors ranking in the Company's top twenty flavors based on sales rates. Triple Caramel Chunk led the way, ranking in Ben & Jerry's top 10 flavors in August. Marble Mint Chunk, the second of three limited edition flavors in a ``Special Batch'' program was met with broad approval from consumers.

Manufacturing Restructuring Program:

Following a comprehensive review of its manufacturing operations, the Company finalized a plan to shift manufacturing of its frozen novelty line of business from a company owned plant in Springfield, Vermont to third party co- packers to improve the Company's competitive position, gross margins and profitability. This action will result in the write-off of assets associated with the ice cream novelty business, asset impairment charges of other manufacturing assets and costs associated with severance for those employees who do not accept the Company's offer of relocation. The Company currently estimates the implementation of this manufacturing restructuring program will result in a pre-tax special charge to earnings of approximately $11 - $13 million in the fourth quarter of 1999 which will primarily be non-cash. This plan will be executed over the next nine months and will result in improving the Company's profitability during the year 2000. This outsourcing of its ice cream novelty business will enable the Company to introduce a wider range of novelty products in the future and increase its flexibility.

Ben & Jerry's produces a wide variety of superpremium ice cream, ice cream novelties, low fat ice cream, low fat yogurt and sorbet, using Vermont dairy products and high quality, all natural ingredients. The Company is committed to using milk and cream that have not been treated with the synthetic hormone, rBGH. Ben & Jerry's products are distributed nationwide and in selected foreign countries in supermarkets, grocery stores, convenience stores, franchised and company-owned Ben & Jerry's Scoop Shops, restaurants and other venues.

                         Ben & Jerry's Homemade, Inc.
                        Condensed Statement of Income
                     (In thousands except per share data)
                                 (unaudited)

                            Thirteen weeks ended      Thirty-nine weeks ended
                          Sept 25,      Sept 26,    Sept 25,       Sept 26,
                            1999          1998          1999        1998
    Net sales              $67,129       $64,566     $185,366      $164,870

    Gross profit            27,814        24,227       73,519        59,341

    Selling, general &
     administrative
     expenses               22,335        20,018       61,708        51,270

    Operating income         5,479         4,209       11,911         8,071

    Other income (expense)    (40)           310          414           370

    Income before income
     taxes                   5,439         4,519       12,225         8,441

    Net income               3,535         2,892        7,946         5,402

    Earnings per share -
     diluted                 $0.47         $0.39        $1.05         $0.72


    Shares outstanding -
     diluted                 7,509         7,446        7,563         7,481



                           Selected Balance Sheet Data
                                 (unaudited)

                              Sept 25, 1999            Dec 26, 1998
    Cash, cash equivalents
     and short-term
     investments                  $51,436                $ 47,229
    Trade accounts receivable,
     net                           24,934                  11,338
    Inventories                    15,798                  13,090
    Total assets                  172,676                 149,501
    Current liabilities            51,259                  33,928
    Long-term debt and capital
     lease obligations             21,697                  20,491
    Stockholders' equity           95,857                  90,908