Sanderson Farms Inc. reported results for the first quarter of fiscal 2015 ended January 31, 2015. Net sales for the first quarter of fiscal 2015 were $667.4 million compared with $584.9 million for the same period a year ago. The Company reported net income of $66.5 million, or $2.87 per share, for the quarter compared with net income of $28.9 million, or $1.25 per share, for the first quarter of fiscal 2014.
"Our results for the first quarter marked a solid start to the fiscal year,” said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. “Poultry market prices were higher compared to the same period a year ago, and our grain costs were lower. Retail grocery store demand for chicken has remained strong, and it appears food service demand may be benefitting from lower priced gasoline.”