Smithfield Foods Inc. reported fiscal 2013 fourth quarter and full year results, with its Pork segment delivering its second best year in company history. All comparisons are to the fourth quarter and full fiscal year 2012.
Sales for the fourth quarter of fiscal 2013 were $3.3 billion, up 3%. Net income was $29.7 million ($.21 per diluted share) in the fourth quarter, compared to net income of $79.5 million ($.49 per diluted share) last year. Fiscal 2013 sales increased 1% to $13.2 billion. Net income was $183.8 million ($1.26 per diluted share) in fiscal 2013, compared to net income of $361.3 million ($2.21 per diluted share) last year.