The trays flew off the grocery-store shelves. Sales hit a phenomenal $218 million in the first 12 months, more than anyone was prepared for. This only brought Drane his next crisis. The production costs were so high that they were losing money with each tray they produced. So Drane flew to New York, where he met with Philip Morris officials who promised to give him the money he needed to keep it going. “The hard thing is to figure out something that will sell,” he was told. “You’ll figure out how to get the cost right.” Projected to lose $6 million in 1991, the trays instead broke even; the next year, they earned $8 million.
NYTimes: The Extraordinary Science of Addictive Junk Food
Inside the hyperengineered, savagely marketed, addiction-creating battle for American “stomach share.”
Amol Sarva [email protected] // 678-8ASARVA // @amol