Sanderson Farms (SAFM) Misses Q1 EPS by 84c, Revenues Beat
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Sanderson Farms, Inc. Reports Results for First Quarter of Fiscal 2020
February 27, 2020 7:30 AM ESTLAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the first quarter of fiscal 2020.
Net sales for the first quarter of fiscal 2020 were $823.1 million compared with $743.4 million for the same period a year ago. The Company reported a net loss of $38.6 million, or $1.76 per share, for the quarter compared with a net loss of $17.8 million, or $0.82 per share, for the first quarter of fiscal 2019.
Our results for the first quarter reflect continued challenging market conditions with market prices for boneless breast meat produced at our plants... More
