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Pet Food News
on May 18, 2009

Menu Foods stocks, sales increase

Menu Foods Income Fund reported its first gain in profits since its petfood contamination lawsuit in 2007, according to a Canadian Press article.

Menu Foods Income Fund reported its first gain in profits since its petfood contamination lawsuit in 2007, according to a Canadian Press article .

The company's stocks increased by 25% in the first quarter of 2009 to a 52-week high of CAN$1.68 (US$1.44) on the TSX .

Sales also increased from CAN$55.6 million (US$47.75 million) to CAN$84.1 million (US$72.2 million), which the company attributed to three price increases as well as a 6.7% rise in the volume of can and pouch sales, according to the article.

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