Sanderson Farms (SAFM) Tops Q4 EPS by 70c

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Go back to Sanderson Farms (SAFM) Tops Q4 EPS by 70c

Sanderson Farms, Inc. Reports Results for Fourth Quarter and Fiscal 2016

December 15, 2016 7:30 AM EST

LAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the fourth quarter and fiscal year ended October 31, 2016.

Net sales for the fourth quarter of fiscal 2016 were $790.8 million compared with $679.6 million for the same period a year ago. For the quarter, the Company reported net income of $76.0 million, or $3.36 per share, compared with net income of $27.4 million, or $1.22 per share, for the fourth quarter of fiscal 2015.

Net sales for fiscal 2016 were $2.816 billion compared with $2.803 billion for fiscal 2015. Net income for the year totaled $189.0 million, or $8.37 per share, compared... More