The organic market increased 4% when compared to 2021 despite headwinds such as inflation, supply chain disruptions and a labor shortage.

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.

Net sales increased 20% to $337.85 million from $281.51 million.

Net sales of $2.14 billion were up 13% from $1.89 billion.

Bimbo said the company benefited from strong sales performance and lower distribution and administrative expenses.

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.

Overall income at ADM climbed 11% in the first quarter of fiscal 2023.

Store brands experienced a double-digit increase in sales during the first quarter of 2023

Getting on top of major demographic shifts in the United States will be crucial for grocers who hope to adapt and thrive.

Beyond Meat, Inc. recorded a loss of $366 million during fiscal year 2022, ended Dec. 31, 2022, more than double the loss of $182 million the company endured the year prior.