Home Wealth  Money Sanderson Squeezed By Feed Costs, Smucker Ups Coffee Prices

Sanderson Squeezed By Feed Costs, Smucker Ups Coffee Prices

Posted: May. 25th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Poultry producer Sanderson Farms swung to a loss for its fiscal second quarter of $16.3 million, or 74 cents per share, compared to a profit of $35.1 million, or $1.62 per share, last year.

The company's adjusted loss of 56 cents per share was much narrower than analysts anticipated. Revenue ticked slightly lower, to $479.3 million from $487.1 million last year.

Sanderson Farms (nasdaq: SAFM - news - people ) said its profitability was negatively impacted by 41% higher feed costs, which it expects will remain high for the rest of the year.

J.M. Smucker (nyse: SJM - news - people ) said Tuesday it has hiked list prices for its U.S. coffee brands by an average of 11% due to sustained increases in green coffee costs.

Price increases will impact the Folgers, Folgers Gourmet Selections, Dunkin Donuts and Millstone brand names.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Louis Vuitton Rolls Out Their New Luggage Line
Can China be a Driving Force in the Superyacht Industry?
Top 4 Mountain Restaurants in Val d'Isere
The Rise of Natural Wine
East Coast Defender Taps Into the Heart of the Aftermarket
Nice to Meat You: Penn & Teller Take On Guy Savoy
Gaining Traction With The Porsche 911 Edurance Racing Edition
The Dyson 360 Eye Is Good Clean Fun
Let Your Baggage Be Light With The New TUMI V3
Vertu Shows Off Their Craftsmanship Chops With The New Aster Leaf
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE