Menu Foods’ Financial Situation Summary

Money DogThe financial situation for Menu Foods (and its parent company) is spelled out in this article. In a nutshell (all dollars Canadian):

The trust scraped out a profit of $6.4 million for all of 2006 on sales of $356.2 million, after a 2005 loss of $54.7 million.

The recall came as the trust, which has not paid distributions to investors since December 2005, was showing signs of health after being hit hard by rising costs and the strong Canadian dollar.

The median estimate for the cost of the recall (USD $30 million) would have been roughly six times their 2006 profits (USD $5.4 million).

2 Responses to “Menu Foods’ Financial Situation Summary”

  1. Pet Connection Blog » Pet-food recall: Follow the money says:

    […] out to Itchmo!Seattle for this gem of a post: The financial situation for Menu Foods (and its parent company) is spelled […]

  2. sharon says:

    You know, money has everything to do with it. They made a serious error by not correctly checking out their new supplier BEFORE problems arised. That just goes to show you what people will do to save a buck. Now all of us who have lost a loved one, get to share the wealth!!


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