Michael Foods' egg sales down 2.8 percent in Q2 2016
Company’s supply was adversely affected by 2015 avian influenza outbreak
Michael Foods reported a 2.8 percent decline in egg sales during the second quarter of fiscal year 2016 when compared to egg sales for the same period during the previous fiscal year.
The sales figures were announced on May 5 when Michael Foods’ parent company, Post Holdings, announced its quarterly earnings. Michael Foods is Post Holdings’ egg, potato, cheese and pasta subsidiary.
According to a press release issued by Post Holdings, Michael Foods egg sales in terms of volume declined 15.9 percent for the quarter as a result of the impact of company hens being affected by avian influenza, which reduced the company’s egg supply that was available for sale.
However, Michael Foods did get a boost from its pasta product sales, seeing its sales volume increase by 11.8 when compared to the same period of fiscal year 2015. Michael Foods’ overall net sales for the quarter were $557.5 million, an increase of 1.3 percent.
Post Holdings’ second quarter of fiscal year 2016 ended on March 31.
Michael Foods, according to the WATTAgNet Top Poultry Companies Database, is the largest supplier of processed eggs in the world. It was acquired by Post Holdings in 2014. In 2015, Post Holdings acquired Willamette Egg Farms and combined that business into its Michael Foods operations.