The chicken sandwich craze has been a business driver for fast-food chains, and has the potential to give chicken producer Sanderson Farms Inc. a bump in 2020, the company said Thursday.
Sanderson Farms reported a loss of $1.05 per share and sales of $906.5 million for the fourth quarter against a FactSet consensus for a loss of $1.18 per share and sales of $888.0 million.
Sanderson Farms stock closed Thursday up 2.8%.
To read the rest of the story, please go to: MarketWatch
“The United States Department of Justice filed a motion on Friday, June 21, 2019, in In re Broiler Chicken Antitrust Litigation stating that it is conducting a criminal investigation regarding the broiler industry. The Company has not been subpoenaed in connection with the Department of Justice investigation. The Company continues to believe the civil plaintiffs’ claims as to Sanderson Farms are wholly without merit, and we are committed to defending the case vigorously.” …
Despite rising demand for chicken, Sanderson Farms may decide to wait to build another chicken processing plant. …
Cargill, Continental Grain Company, and Sanderson Farms, Inc. (NASDAQ: SAFM) announced today they have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. T …
© Copyright 2021 | Phoenix Media Network | All Rights Reserved | Terms of Service | Privacy Policy