Menu Foods Posts Third-Quarter Loss After Pet Food Recall

[~flower~]

booo-frickin-hooo!


Menu Foods Posts Third-Quarter Loss After Pet Food Recall

Posted: 15 Nov 2007 11:00 AM CST

Menu Foods posted a third-quarter loss after the pet food recalls and announced that customers who made up more than a third of its sales in 2006 will stop doing business with them.

The company said that it lost $19.9 million in the third quarter of this year. Last year, Menu Foods had a profit of $1.35 million in the third quarter.

“The fund has been informed that customers whose volume represented approximately 37 percent of sales in 2006 will no longer be purchasing these products from Menu,” the company stated. “The effects of this lost business will be felt over time.”

Customers who account for almost 14 percent of sales in 2006 have already stopping doing business with Menu Foods.

The company’s forecast is bleak.

Source: Reuters

[Vet]

Not like that one is a big surprise.   

You know, other food companies have gone out of business for stuff like this---the llama/alpaca kill off in Ohio a few years back is a great example.  The only difference between Menu Foods and the others is the size of the company.  Menu Foods is the biggest so far. 

[~flower~]

  I wish they took down others with them.