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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