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…