USA: Aurora Foods sees Q2 EBITDA, volume growth in line with expectations
St. Louis-based Aurora Foods, a producer and marketer of leading food brands, has posted results for its Q2 ended 30 June in line with company expectations. Aurora's adjusted EBITDA were US$24.8m, compared with last year's Q2 adjusted EBITDA of US$33.5m. Unit volume in the Q2 increased a strong 10% versus prior year and was led by Duncan Hines, Aurora's largest brand. Other businesses with strong growth were frozen breakfast food, syrup, Mrs. Paul's seafood, foodservice and alternate channels. Lender's volume was down approximately 6%, a significant slowing in the decline versus previous quarters.
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