Costs linked to the acquisitions of Zartic and Clovervale have hit full-year profits at Pierre Foods, the US company said today (30 May).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Pierre Foods posted net income of US$2.1m for the year to 3 March, down from $2.2m a year earlier.
The company struck the deals to buy Zartic and Clovervale over the last 12 months and costs related to those acquisitions, as well as increased distribution costs weighed on earnings.
Nevertheless, Pierre Foods saw revenues rise 13% to $487.8m.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
