Smithfield 4Q, FY 2011 net income, sales rise

摘要

Smithfield Foods Inc.'s shift to focus on packaged meats, strong global pork demand against tight supplies, lower hog inventories, favorable grain hedges and higher live hog market prices, all came into play to yield fiscal 2011 net income of $521.0 million - an improvement of $622 million over last year's results. EPS of $3.12 was a record high for a fiscal year, consolidated operating profit improved more than $1 billion and consolidated sales increased 9 percent to SI2.2 billion for the year.