Profit measure for plant-based protein business dropped by nearly half, year over year.
For its first fiscal quarter of 2024, Chicago-based ADM reported year-over-year drops in revenues and profits in nearly all business segments.
As a company, “ADM’s solid first quarter results showcased our team’s ability to execute our strategy with agility in the face of anticipated challenging market conditions,” said CEO Juan Luciano in the earnings release. “To…