Sanderson Farms (SAFM) Misses Q2 EPS by 36c, Revenues Miss

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Go back to Sanderson Farms (SAFM) Misses Q2 EPS by 36c, Revenues Miss

Sanderson Farms, Inc. Reports Results for Second Quarter of Fiscal 2018

May 24, 2018 7:30 AM EDT

LAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for its second fiscal quarter and six months ended April 30, 2018.

Net sales for the second quarter of fiscal 2018 were $813.5 million compared with $802.0 million for the same period a year ago. For the quarter, net income was $41.9 million, or $1.84 per share, compared with net income of $67.0 million, or $2.95 per share, for the second quarter of fiscal 2017.

Net sales for the first six months of fiscal 2018 were $1,585.4 million compared with $1,490.4 million for the same period of fiscal 2017. Net income for... More