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Sanderson sets new annual sales record of $1.9B

LAUREL — Sanderson Farms Inc. saw net sales for the fourth quarter of fiscal 2010 of $529.1 million, compared with $469 million for the same period a year ago

For the quarter, the company reported net income of $47.8 million, or $2.08 per share, compared with $19.8 million, or $0.95 per share for the fourth quarter of fiscal 2009.

Net sales for fiscal 2010 were $1.9 billion, a new record, compared with $1.8 billion for fiscal 2009. Net income for the year totaled $134.8 million, or $6.07 per share, compared with $82.3 million, or $3.94 per share, for last year.

“The fourth quarter of fiscal 2010 marked a strong finish to a successful year for Sanderson Farms,” said Joe F. Sanderson Jr., chairman and CEO of Sanderson Farms.

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