US food cooperative Land O’Lakes has booked increased first-quarter sales and earnings boosted by a “strong performance” from the group’s dairy foods division.

Land O’Lakes said net sales for the period ended 31 March were US$3.7bn, compared to $3.6bn in the first quarter of 2016. Net earnings were $110m, up from $108.5m a year earlier.

In a statement, the company said earnings in dairy foods, which includes the Land O’Lakes brand, “were driven by strong volumes in foodservice and improved margins in retail-branded products”.

President and CEO Chris Policinski said: “Our growing focus spans our farm-to-fork view of the marketplace as we continue to invest in value-added innovation in all four of our business units: Land O’Lakes dairy foods, Purina Feed, WinField United crop inputs and Land O’Lakes Sustain.”

The group launched Sustain, its sustainability unit, last year to focus on aligning environmental sustainability efforts across the entire Land O’Lakes group.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.