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Industry News & Trends / Business & Markets / Egg Processing / Egg Production / North America
on February 9, 2020

New Michael Foods plant cuts into Post Holdings’ profit

Company’s foodservice segment profits drop 10.8% in the first quarter of 2020

Post Holdings’ foodservice segment saw its profits drop 10.8% in the first quarter of the 2020 fiscal year, largely due to “unfavorable manufacturing costs including startup costs” at its new Michael Foods precooked egg facility in Norwalk, Iowa.

The facility opened in October 2019, and the quarter ended December…

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