2015 sales tumble, pretax earnings rise for dairy co-op Land O’Lakes
Land O’Lakes reported growth in butter, branded cheese, foodservice and refrigerated desserts.
Net sales in Land O’Lakes’ Dairy Foods business segment dropped to $4 billion in 2015, down from $5.1 billion the year before. Pretax earnings totaled $83.1 million in 2015, up from $39.7 million in 2014.
Across all its business segments, the Arden Hills, Minn.-based dairy cooperative reported net sales in 2015 of $13 billion, down from $15 billion in 2014 (which was a record year). Land O'Lakes, Inc. said net earnings were $308 million (a record) and an increase from $266 million in 2014.