SOURCE: Industrial Info Resources

Industrial Info Resources

May 25, 2011 06:10 ET

Higher Feed Prices, Less Dining Out Lower Sanderson Farms' Second-Quarter Earnings, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 25, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Sanderson Farms Incorporated (NASDAQ:SAFM) (Laurel, Mississippi) yesterday reported a net loss of $16.3 million for the company's fiscal 2011 second quarter, which ended April 30, 2011. This compares with net income of $35.1 million for the corresponding quarter of fiscal 2010. In a conference call regarding the earnings, Sanderson Chairman and CEO Joseph F. Sanderson Jr. pointed to a decrease in consumers dining away from home and substantially higher feed prices as causing the loss in income.

Despite the lower earnings, Sanderson Farms continues with a few large capital projects. Industrial Info is tracking more than $200 million in active Sanderson Farms projects in North Carolina. Information on these and other Food & Beverage Industry projects is available in Industrial Info's North American Industrial Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to foodgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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