Costs associated with its acquisition of US soft drinks firm Apple & Eve have dented Lassonde Industries’ third-quarter earnings, despite higher sales in the period.

The Canadian food and beverage group booked operating profit of C$19.98m (US$17.6m) in the three months to 27 September, down from C$22.2m in the prior-year period. Net profit slipped to $10.6m from $11.2m, the company revealed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Lassonde Industries attributed the profit drop to charges incurred to acquire a 90% stake in juice maker Apple & Eve. “We are satisfied with the progress made in integrating our new subsidiary,” chairman and CEO Pierre-Paul Lassonde added.

Sales increased to C$314.9m, up 22.3% from $257.6m. Apple & Eve contributed C$38.8m to top-line growth.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now