News and analysis for the global poultry industry.
Industry News & Trends / Business & Markets / Egg Production / North America
on February 3, 2017

Michael Foods quarterly loss at $17 million

Settlement in case alleging collusion to inflate egg prices hurts company’s bottom line

Michael Foods suffered a $17 million loss for the first quarter of fiscal year 2017, Michael Foods’ parent company, Post Holdings, reported.

The quarter ended on December 31.

The quarterly figure was negatively impacted by a provision for $74.5 million in legal settlements in a class-action lawsuit filed in 2008…

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