USA: Smithfield Foods Expects Sharply Higher First Quarter Earnings
Joseph W. Luter, III, chairman, president and chief executive officer of Smithfield Foods, Inc. (NYSE: SFD - news) today issued the following statement: "Smithfield Foods is having an extremely strong first quarter. This strength in earnings is the result of our vertical integration strategy. As a result, I fully expect the Company will report at least a five-fold increase in earnings per share over the comparable period last year."Smithfield Foods reported fully diluted earnings per share of $.15 in the first quarter of fiscal year 2000. The Company's first quarter ends July 30, 2000.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- UK's Bakkavor plays down IPO "speculation"
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs