Sanderson has solid start to year

Sanderson has solid start to year

SANDERSON Farms Inc. reported strong results for the first quarter of fiscal 2015, driven by higher poultry prices and lower input costs.

Net sales for its fiscal first quarter ended Jan. 31 were $667.4 million, compared with $584.9 million for the same period a year ago. The company reported net income of $66.5 million, or $2.87 per share, compared with net income of $28.9 million, or $1.25 per share, for the first quarter of fiscal 2014.

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