The company’s North America Retail business unit had quarterly sales of $3.2 billion during the quarter, flat when compared to the third quarter of fiscal 2022.
The report highlighted that 54% of consumers try to eat more plant-based snacks, with 66% believing in the idea that “plant-based snacks are better for the future of our planet.”
World weather and the impact it has on key agricultural regions and markets will be the focus of a June 3 presentation from Drew Lerner, president of World Weather, Inc.
ADM expects 2024 to be a more challenging year than either 2022 or 2023, with tailwinds that supported a portion of the company’s performance over the past few years changing direction.