Overview
- Net income reached 35 cents per share for the quarter ended Sept. 30, up from 14 cents a year earlier.
- Adjusted earnings were 49 cents per share, rising from 18 cents in the prior-year period.
- Revenue increased to $1.36 billion from $1.26 billion, with prepared foods up 4.4%, poultry up 15.7%, and pork up 10.4%.
- CEO Curtis Frank said beef inputs are at all‑time highs and noted avian influenza is affecting turkey markets in North America, pressuring margins.
- The company completed the spin‑off of its pork business as Canada Packers Inc. last month, which reported its first results separately.