Thu 01/26/2023 09:42 AM
French premium food group Labeyrie Fine Foods beat its budgeted EBITDA in November as weaker-than-expected sales were offset by improved pricing and cost management, sources said.
Sales volumes reached 6,420 tonnes, which was 6% below the 6,830 tonnes budgeted and 5.8% below the 6,817 tonnes the group sold the same month the prior year. The shortfall was across the group’s product lines, but France Marques was especially weak, while Marée was impacted by high cod prices, sources said.
As a...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.