Despite the rebound in restaurant sales over the past year, sales of tortillas and flatbreads remain strong in the retail channel while unit sales slipped only slightly.
Gross profit in the Ingredient Solutions segment increased to $12.2 million in the first quarter of fiscal 2023 from $8.1 million a year ago, while sales increased 10% to $30.9 million.
Pilgrim’s US business saw improvement, thanks to Small Birds and Prepared Foods, the company said. Case ready drove growth above industry averages with key customers.