Articles Tagged with ''fiscal''

Fourth quarter comparable sales increased 0.3% and operating income was relatively flat against strong prior year results.

Cargill reported net earnings of $409 million in the fiscal 2013 second quarter ended Nov. 30, compared with $100 million in the same period a year ago.

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.

Sales for the second quarter of fiscal 2013 were $3.2 billion, down 3%, as higher volumes in all segments were more than offset by lower meat and live hog prices.

For the year ended October 28, 2012, net earnings were $500.1 million, up 5 percent from net earnings of $474.2 million last year.

Hillshire noted a strong performance in the Retail segment, with sales growth of 3% and adjusted operating segment income growth of 45.5%.

Adjusted operating earnings for the quarter were $76.3 million compared to $73.3 million last year, and net earnings for the third quarter were $32.6 million, compared to $43.0 million in the third quarter last year.

Revenue fell 26% to $451.1 million from $607.7 million, reports the Los Angeles Times.

Global comparable sales increased 1.9%, with positive comparable sales in each geographic segment.

Third-quarter net income will be 331.8 million reais ($164 million), compared with a year-earlier loss of 67.5 million.