Despite the earnings slide, CFO John Neppl noted that the altered quarterly cadence would not change the company’s full-year guidance
Maize accounts for a significant portion of poultry feed, yet Sri Lanka’s local cultivation fulfils less than 50% of national demand
The increase was driven largely by gains in wheat, maize, and rice prices, amid tightening export supplies
The company, known for brands like Good Day, Tiger, and NutriChoice, noted Berry’s successful history in leading start-ups, joint ventures, and business growth.
This product is expected to significantly enhance Ferrero’s presence in the U.S.