date:Nov 13, 2012
Michael Foods Group, Inc. reported financial results for the third quarter of2012.
Net sales for the quarter ended September 29, 2012 were $470.9 million, compared to $459.5 million in 2011, an increase of 2.5%. Net earnings for the quarter ended September 29, 2012 were $8.7 million, compared to $0.6 million in 2011. The earnings increase resulted from higher volumes, improved margins in 2012 due to better alignment of pricing with our input costs, and reduced interest expense of approximatel