Land O'Lakes
Chris Policinski, president and CEO of the US agri-food business Land O'Lakes, commented on the rise in earnings: "Despite strong headwinds and volatility in commodities, Land O'Lakes continues to grow based on smart investments and a focused strategy."
Nine months to 30 September
- Sales up 2.3% at US$10.2bn
- Earnings from operations up 4.7% at $302.2m
- Net earnings up 9.7% at $270.3m
B&G Foods
The New Jersey-based owner of the Green Giant range saw both third-quarter and nine-month sales increase and raised its full-year guidance to US$1.66bn to US$1.685bn.
Nine months to 30 September
- Nine-month sales rose 22% to US$1.19bn (Q3 up 28% at $408m)
- Adjusted EBITDA climbs 1.8% to $264m (excludes impact of acquisition-related inventory step-up, related expenses and loss on sale of assets)
- Net income drops 8.7% to $87.6m
- Reaffirms adjusted EBITDA guidance at $352.5m to $367.5m
Source: just-food.com
