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Smithfield Foods Inc. reported record fiscal 2011 fourth quarter and full year results. Sales for the fourth quarter of fiscal 2011 were $3.1 billion, up 7%. Fiscal 2011 sales increased 9% to $12.2 billion.
Now that we’ve had adequate proof that “too big to fail” is a misnomer for almost any industry, it’s time to focus on the companies that are just the right size to succeed. While the independent processors weren’t immune from the struggles that affected every aspect of the U.S. economy, many of them managed to at least maintain sales, if not grow them.
