Schnatter will resign from board following the appointment of an independent director.

A solid performance in its biscuits and snacks segment is tempered by lukewarm soup results.

The Texas beef company filed for Chapter 11 bankruptcy in January.

White Stripe Foods will continue to operate under the same name.

Prepared meats performance offset by ‘adverse fresh market conditions.’

Lower market prices for poultry products weighed on the processor’s financial performance.

Slow economic growth expected to follow recession.

CEO Schneider said the company must drive continuous improvement in the segment.

The company is positioning its product portfolio toward high-growth products.

The company still sees some strong signs from Mexican and European markets.