ADM performed above expectations this quarter thanks in large part to its alternative protein business.
Chicago-based ADM Co. turned in a better-than-expected financial performance for the first quarter of 2022, with a significant boost from the company’s alternatives protein business. Analysts boosted their expectations for future profits, in turn.
ADM reported $23.6 billion in revenues for the first quarter, an increase of 25% over revenues for the same period a year earlier. Net profits were $1.05 billion, a 53% increase from the $689 million in net profits that ADM reported for the same period in…
Join for free* to continue reading.
You’ll get access to all Alt-Meat has to offer including full access to our web content devoted to the meat alternatives market.
*Free for qualified recipients