Pierre Foods has seen its quarterly losses widen due to costs linked to its 2006 acquisition of meat processor Zartic and to a lengthening raw materials bill.
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The US convenience food group yesterday (15 January) posted a net loss of US$7.5m for the three months to 1 December, compared to a loss of $2.8m a year earlier.
Pierre Foods said costs over the quarter had jumped $44.6m due to the Zartic deal, rising commodity costs and a bill related to outsourcing linked to the closing of a facility in Alabama.
The Zartic acquisition, however, did boost revenue at Pierre Foods. Turnover jumped 46.5% to $486.1m.
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