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Sanderson Farms, Inc. Reports Results for First Quarter of Fiscal 2012
19.05.12
Today reported results for the
first fiscal quarter ended January 31, 2012.
Net sales for the first quarter of fiscal 2012 were $517.8 million
compared with $427.7 million for the same period a year ago. For the
quarter, the company had a net loss of $8.0 million, or $0.36 per share,
compared with a net loss of $33.6 million, or $1.52 per share, for the
first quarter of fiscal 2011.
"Our results for the first quarter of fiscal 2012 reflect improved, but
still challenging, conditions for our industry," said Joe F. Sanderson,
Jr., chairman and chief executive officer of Sanderson Farms, Inc. "We
experienced higher poultry market prices than the same period a year
ago. While retail demand for chicken has remained steady, we continue to
see weak food service demand, and we believe food service demand will
remain under pressure until the national employment environment
improves. Weak food service demand and ample supplies continue to weigh
on market prices for boneless breast meat produced at our food service
plants. While grain prices have retreated from the highs they set last
fall, we also experienced higher feed costs during the first quarter,
and this continues to affect our profitability."
The Bank of Russia set a valid from May 18, 2012. new user prices ...
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Jun 02, 2009 by DD | Posted in Other - Business & Finance
Perkins Company, which has a standard cost system, had 500 pounds of raw material X in its inventory at June 1, purchased in May for $1.10 per pound and carried at a standard cost of $1.00 per pound. The following information pertains to raw material
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