Sales, earnings rise for Land O'Lakes

by Staff
Share This:

ARDEN HILLS, MINN. — Net earnings attributable to Land O’Lakes, Inc. were $67.1 million for the three months ended June 30, which was up from $65.3 million in the same time period of the previous year, the company said Aug. 4. Sales for the three months increased to $3,468.1 million from $2,957.5 million.

For the year’s first six months, net earnings attributable to Land O’Lakes, Inc., were $168.1 million, up from $96.3 million, and sales were $6,934.4 million, up from $6,024.6 million. First-half sales and earnings were up in all of the company’s core businesses — Dairy Foods, Layers, Feed and Crop Inputs.

“These very positive results were driven by a combination of factors, including improved agricultural markets, solid performance by our core branded and proprietary products, and new products that have been very well-received by both consumers and our commercial customers,” said Chris Policinski, president and chief executive officer.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.