Sanderson Farms (SAFM) Misses Q4 EPS by 13c

Sanderson Farms (NASDAQ: SAFM) reported Q4 EPS of $1.22, $0.13 worse than the analyst estimate of $1.35. Revenue for the quarter came in at $679.6 million versus the consensus estimate of $696.98 million.

"While conditions during the fourth quarter of fiscal 2015 deteriorated in the big bird deboning market, the quarter marked the end of another successful year for Sanderson Farms,” said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. "We reported record annual sales of $2.803 billion, a 1.0 percent increase over fiscal 2014. While overall poultry market prices declined compared with fiscal 2014, grain prices were significantly lower during the year when compared with fiscal 2014. For the year, we sold 3.418 billion pounds of dressed poultry, another record, compared with 3.045 billion pounds in fiscal 2014.”

For earnings history and earnings-related data on Sanderson Farms (SAFM) click here.

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