Sanderson Farms, Inc. (NASDAQ:SAFM) has announced the financial results for its fourth quarter and fiscal year 2009. The net sales were $469.0 million, up from the comparable period of the previous year of $460.2 million. It’s net income was reported as $19.8 million, or 40.96 per share, down from $51.9 million, or $2.56 per share for the same period of the previous year.
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A conference call was held shortly after the release of the financial results. A webcast of the call is available for review on the company’s website, http://www.sandersonfarms.com/. A full release of the financial results will also be available on the site.
Sanderson Farms, Inc. (Sanderson Farms) is a fully integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. The Company conducts its chicken operations through Sanderson Farms, Inc. (Production Division) and Sanderson Farms, Inc. (Processing Division), the wholly owned subsidiaries of Sanderson Farms, Inc. It conducts its prepared chicken business through its wholly owned subsidiary, Sanderson Farms, Inc. (Foods Division). Sanderson Farms sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form under the Sanderson Farms brand name to retailers, distributors and casual dining operators in the southeastern, southwestern and western United States, and to brokers who resell frozen chicken into export markets.
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