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

Discover B2B Marketing That Performs

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

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 - 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