High hog-production costs lead to Smithfield reporting a loss in fiscal 2009

摘要

Calling fiscal 2009 "one of the most challenging years in over three decades for the company," Larry Pope, president and CEO of Smith-field Foods Inc., said the company incurred a loss of $190.3 million for fiscal year 2009 ended May 3. Smithfield Foods recorded net income of $128.9 million, equal to $1.04 per share on the common stock, during the same period of fiscal 2008.