JACKSON — Lt. Gov. Tate Reeves yesterday said state revenue in fiscal year 2013 would not increase significantly, reflecting the financial difficulties Mississippi’s economy may experience in the next several fiscal years. “Economic recovery hasn’t hit Main Street, and Mississippi families and businesses continue to struggle,” Reeves said. “The economic outlook for the state reflects [...] [...]
by MBJ Staff Published: January 18,2012
Tags: banking and finance, Banks, deposits, earnings, financial institutions, income, loan losses, loans, publicly traded company, revenues
TUPELO — Renasant Corporation, for the fourth quarter of 2011, saw net income of $5.79 million, compared to $4.721 million for the fourth quarter of 2010. Basic and diluted earnings per share (EPS) were $0.23 for the fourth quarter of 2011 as compared to basic and diluted EPS of $0.19 for the fourth quarter of [...] [...]
JACKSON — Cal-Maine Foods Inc. sold more eggs at higher prices in its fiscal second quarter, boosting profit despite higher feed costs. The nation’s largest producer of fresh eggs, Cal-Maine’s profit rose to $23.3 million, or 97 cents per share, in the quarter ended Nov. 26. That’s up 53 percent from $15.2 million, or 64 [...] [...]
LAUREL — Sanderson Farms Inc. reported net sales for the fourth quarter of fiscal 2011 were $559.8 million, compared with $529.1 million for the same period a year ago. For the quarter, the poultry company reported a net loss of $21.6 million, or $0.97 per share, compared with net income of $47.8 million, or $2.08 per [...] [...]
JACKSON — Mississippi Gov. Haley Barbour today is releasing his state spending plan for the coming budget year. The Republican leaves office when his second term ends Jan. 10, nearly six months before fiscal 2013 begins on July 1. He will make recommendations that new lawmakers and incoming Republican Gov. Phil Bryant can use as [...] [...]
by MBJ Staff Published: December 15,2011
Tags: fabrics, financial statement, home decorating, loss, net income, net loss, operating loss, publicly traded company, retail, revenues, sales, sewing, stores
BALDWYN — Hancock Fabrics Inc. saw net sales for the third quarter of $70.8 million, compared to $73.5 million for third quarter of last year, and comparable store sales decreased 3.5 percent, compared to a 0.3 percent increase in the previous year. Operating income for the quarter was $1.2 million, compared to $2.8 million in [...] [...]
by Associated Press Published: November 23,2011
Tags: casinos, entertainment, gambling, gaming, hospitality, hotels, lodging, meetings and conventions, restaurants, revenues, tourism, tourists, visitors, winnings
MISSISSIPPI GULF COAST — The 11 Coast casinos won $88.2 million in October, up from $88.1 million in October 2010. The Sun Herald reports this is the sixth month this year gross casino revenue in South Mississippi topped 2010 levels, according to the report released yesterday by the Mississippi Department of Revenue. Winnings to date [...] [...]
Gov. Haley Barbour and key legislative leaders have decided the Legislature will have $4.6 billion to spend in fiscal 2013 that begins next July 1. As usually happens, the figure could change dramatically before lawmakers complete the 2012 session in May. It represents the first framework for the budget — an estimate of how much [...] [...]
JACKSON — Following the Joint Legislative Budget Committee meeting yesterday, Lt. Gov.-elect Tate Reeves said lawmakers should prepare for a tough budget process when they convene. In a statement, Reeves said: “At today’s Joint Legislative Budget Committee meeting, the Revenue Estimating Committee presented a cautious and conservative revenue estimate that is indicative of the effects [...] [...]
HATTIESBURG — The nation’s 50 largest broadline distributors collectively broke the $100-billion mark in 2010, growing sales 5 percent over sales reported by the 2009 Top 50. It was a strong performance following the 2 percent sales decline the Top 50 experienced in 2009. The performance of the top 10 companies alone paints a bright [...] [...]
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