Food distributor posts loss

BONITA SPRINGS — Innovative Food Holdings reported a net loss in the most recent quarter, days after it announced plans to spin off its meal-delivery business.

Innovative Food posted a net loss of $3.2 million on revenues of $12.1 million in the quarter ending September 30. That compares with a net loss of $600,000 on revenues of $8.8 million in the same quarter one year ago.

Innovative Food Holdings, which distributes gourmet products to chefs around the country, says it will spin off The Fresh Diet as a separate publicly traded company next year. The Fresh Diet delivers freshly prepared meals to consumers in 44 metro areas in the U.S.