Sanderson Farms (SAFM) Tops Q1 EPS by 97c, Revenues Beat

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Go back to Sanderson Farms (SAFM) Tops Q1 EPS by 97c, Revenues Beat

Sanderson Farms, Inc. Reports Results for First Quarter of Fiscal 2021

February 25, 2021 7:30 AM EST

LAUREL, Miss.--(BUSINESS WIRE)-- Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the first quarter of fiscal 2021.

Net sales for the first quarter of fiscal 2021 were $909.3 million compared with $823.1 million for the same period a year ago. The Company reported net income of $9.5 million, or $0.42 per share, for the quarter compared with a net loss of $38.6 million, or $1.76 per share, for the first quarter of fiscal 2020.

Our results for the first quarter of fiscal 2021 reflect continuing challenges presented by the COVID-19 pandemic and higher feed grain... More