US Michael Foods has booked an increase in first-quarter earnings despite weak consumer demand in the market.

Earnings in the three months to the end of March climbed 52.3% to US$14.2%, the company reported today (13 May). Operating profit increased 19.6% $43.9m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Net sales in the quarter amounted to $484.3m, compared to $444.8m last year.

“In the first quarter, despite continued headwinds associated with weaker consumer demand, we were able to find ways to help many of our customers grow their volumes and revenues,” said CEO Jim Dwyer. “We also continued to improve our operations while maintaining safety, quality and service standards.”

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now