Land O'Lakes, Arden Hills, Minn., says it experienced significantly improved sales and earnings for the first quarter of 2004. Company officials also commented on progress against several strategic initiatives.
Meanwhile Kraft Foods, Northfield, Ill., says restructuring costs related to plant closure were at the heart of a 33% drop in first quarter profits for 2004. Friendly Ice Cream Corp.,Wilbram, Mass., reported a net loss for the three-months-ended March 28 of $5.1 million.