Sanderson Farms, Inc. (SAFM) Thursday reported a narrower loss for the first quarter, helped by higher poultry market prices, partially offset by higher grain costs.
Net loss for the quarter narrowed to $6.94 million or $0.31 per share from $7.99 million or $0.36 per share in the same period last year.
Analysts polled by Thomson Reuters expected the company to report breakeven earnings for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $595.76 million, up from $517.83 million last year. Analysts expected revenues of $559.30 million.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.