date:Jan 06, 2014
Landec Corp.'s fiscal second-quarter earnings fell 61% as unfavorable weather conditions resulted in severe produce shortages that pressured margins, offsetting continuing revenue growth in the food-packaging company's vegetable business.
Weather conditions in the East Coast, California and Mexico caused green bean and broccoli shortages, the company said Thursday.
To meet high demand for its specialty-packaged vegetable products, Landec's food business Apio Inc. had to buy large quantities of