Pet Food News

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 .

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.

Popular Stories