Thai Union Profits Take a Hit but Red Lobster Turnaround Showing Progress
Thai Union released its first quarter results, which showed a dip in both sales and profits, but the company did see a notable improvement in its Red Lobster business as the turnaround plan for the U.S.-based seafood chain seems to be working.
Thai Union reported a first-quarter net profit of THB 1 billion (US$29.4 million), a 41.5% decrease from THB 1.7 billion during Q1 2022. The company also recorded first-quarter sales of THB 32.7 billion, a 10.0-percent decrease compared to last year...
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