Articles Tagged with ''fiscal''

While the company posted higher revenues and earnings per share for the quarter, comparable sales and operating income declined.

Cargill reported net earnings of $445 million in the fiscal 2013 third quarter ended Feb. 28, down 42 percent from $766 million in the same period a year ago.

Smithfield Foods Inc. reported strong fiscal 2013 third quarter results, driven by growth in packaged meats and solid contributions from international operations.

Adjusted Operating Earnings for the year increased 8.1% to $280.0 million following strong second half results.

Net sales for the first quarter of fiscal 2013 were $595.8 million compared with $517.8 million for the same period a year ago.

Consolidated net sales were $434.4 million in the third quarter of fiscal 2013, a 1.4 percent increase, compared to $428.3 million in the third quarter of fiscal 2012.

Adjusted and reported net sales increased by 2.5% and 0.7%, respectively, to $1.06 billion.

Fourth quarter comparable sales increased 0.3% and operating income was relatively flat against strong prior year results.

Cargill reported net earnings of $409 million in the fiscal 2013 second quarter ended Nov. 30, compared with $100 million in the same period a year ago.

Net income for the year totaled $53.9 million, or $2.35 per share, compared with a net loss of $127.1 million, or $5.74 per share, for last year.