Processing

Red Lobster turnaround provides unexpected highlight for Thai Union as profits elsewhere collapse

The company reported earnings before interest and taxes of $41 million, a decline of 28 percent year-on-year.

Thai Union's pet care division sales dropped by 22 percent year-on-year, mainly from soft demand from inventory destocking for customers in the US and Europe.
Thai Union's pet care division sales dropped by 22 percent year-on-year, mainly from soft demand from inventory destocking for customers in the US and Europe.Photo: Thai Union
Thai UnionThiraphong ChansiriRed LobsterThailandUnited States
Published 4 May 2023, 01:47Updated 4 May 2023, 01:47