Sanderson Farms achieves record sales in profitable 2013
Sanderson Farms Inc. reported results for the fourth quarter and fiscal year ended October 31, 2012. Net sales for the fourth quarter of fiscal 2012 were $648.4 million compared with $559.8 million for the same period a year ago. For the quarter, the company reported net income of $9.3 million, or $0.41 per share, compared with a net loss of $21.6 million, or $0.97 per share, for the fourth quarter of fiscal 2011.
Net sales for fiscal 2012 were $2.386 billion compared with $1.978 billion for fiscal 2011. Net income for the year totaled $53.9 million, or $2.35 per share, compared with a net loss of $127.1 million, or $5.74 per share, for last year.