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December 17, 2013
11:27 EDTSAFMSanderson Farms expects to process 3.13B pounds of chicken in FY14
Says FY13 financial results put company in position to resume growth strategy for FY14. In FY14, the company expects to process 3.13B pounds of chicken, which is a 2.5% increase of pounds processed compared to FY13. Sees FY14 CapEx $58M, modeling an effective tax rate of 34.9%. Expects to spend $110M in FY14 for new Texas facility and expects to spend $140M overall for the new facility. The company sees the cost of grain in FY14 $194M lower than in FY13. Sees market conditions for next year continuing to reflect weakness in consumer spending. Comments made during the company's Q4 earnings conference call.
News For SAFM From The Last 14 Days
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August 25, 2015
11:50 EDTSAFMSanderson Farms says 'relief' needed from drop in leg volume and prices
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11:17 EDTSAFMSanderson Farms: Food service demand was better in Q3 than previous year
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07:06 EDTSAFMSanderson Farms on track to increase production at Palestine, TX plant in Jan.
The company says, "The plant is now moving to fifty percent capacity, and we are on schedule to increase production at the plant again in January 2016. We expect to reach full production during the second fiscal quarter of 2016. We also broke ground on our new St. Pauls, North Carolina, facilities in July, and we look forward to the opportunities the new facilities will provide to our shareholders, our customers and our employees."
07:05 EDTSAFMSanderson Farms: Results affected by accurals booked for bonus award program
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07:05 EDTSAFMSanderson Farms reports Q3 EPS $2.27, consensus $2.90
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