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Tag Archives: Sanderson Farms

Sanderson earnings fall in second quarter

By JACK WEATHERLY Sanderson Farms Inc. reports net income of $41.9 million, or $1.84 per share, for its second fiscal quarter, which ended April 30, compared with net income of $67 million, or $2.95 per share, for the second quarter of fiscal 2017. The release in premarket trading on May 24 drove Sanderson shares on the NasdaqGS market down as ...

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2 more lawsuits accuse chicken producers of fixing prices

Two major food distributors have filed their own federal lawsuits accusing Tyson Foods and other major chicken producers of fixing prices, but the industry denies any wrongdoing. The lawsuits filed this week in Illinois by Sysco Corp and US Foods Holding Corp. join several other lawsuits pending against the chicken producers. The allegations date back at least to a 2016 ...

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Sanderson Farms announces management changes

Sanderson Farms, Inc. has announced two management changes within the company’s live production side of the business. Nicholas “Nick” Smith has been promoted to Breeder-Hatchery Manager at Sanderson Farms’ Hazlehurst production division. Smith will provide leadership and direct strategic operational plans for hatching eggs and chick production. Smith began his career with Sanderson Farms in 2010 as a Beginning Trainee. ...

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Sanderson Farms Names New Corporate Maintenance Manager

James “Norman” Butts has been promoted to Corporate Maintenance Manager at Sanderson Farms, Inc., headquartered in Laurel. As a Corporate Maintenance Manager, Butts will be responsible for ensuring a comprehensive maintenance program is active at each Sanderson Farms division along with monitoring maintenance programs to ensure facilities and equipment are being maintained to a high quality standard. He will also ...

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Sanderson misses quarterly earnings consensus; shares take hit

By JACK WEATHERLY Sanderson Farms Inc. reported net income for the fourth fiscal quarter ending Oct. 31 of $72.9 million, or $3.20 per share, compared with net income of $76 million, or $3.36 per share, for the fourth quarter of fiscal 2016. The Laurel-based poultry processor missed the Zacks analysts’ consensus of $3.62 and shares dropped 13 percent on Friday, ...

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Sanderson Farms Names New Corporate Retail Sales Manager

John Coleman has been promoted to Corporate Retail Sales Manager at Sanderson Farms, Inc., headquartered in Laurel. Coleman will be responsible for introducing the company to prospective customers and executing the company’s marketing plan. Coleman is a 2011 graduate of Mississippi State University, where he earned a Bachelor of Business Administration degree in Finance. He began his career with Sanderson ...

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Sanderson Farms Names New Corporate Cash Management Manager

Christy Holifield has been named Corporate Cash Management Manager at Sanderson Farms, Inc., headquartered in Laurel.  Holifield will be responsible for supporting the company’s treasury and cash management operations, as well as developing strategies to maximize efficiencies, safeguard assets and minimize costs. Holifield began her career with Sanderson Farms as a Beginning Trainee in 2002. Since then, Holifield has held ...

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Sanderson Farms Names New Corporate Processing Manager

Casey Butts has been promoted to Corporate Processing Manager at Sanderson Farms, Inc., headquartered in Laurel. As a Corporate Processing Manager, Butts will provide leadership in the management and administration of the company’s 11 processing divisions and one further processing facility. He will work closely with plant management at the company’s McComb, Mississippi and Moultrie, Georgia processing facilities by providing ...

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Sanderson earnings more than double for 3rd quarter

By JACK WEATHERLY Higher product prices and lower feed costs in a stable market enabled Sanderson Farms to record net income of $115.8 million, or $5.09 per share, for the third fiscal quarter, compared with $54.7 million, or $2.42 per share, a year earlier. Joe F. Sanderson Jr., chairman and chief executive said in its report that retail grocery prices, ...

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Sanderson Farms awarded 3 Public Relations awards

Sanderson Farms’ Corporate Communication Department recently won three awards, including a Judge’s Choice award, during the Public Relations Association of Mississippi’s Prism Awards competition in Hattiesburg. The poultry producer received PRAM’s Judge’s Choice award and a PRism Award for the publication of the annual Sanderson Farms Corporate Responsibility Report. In addition, Sanderson Farms won a second PRism Award for the ...

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