Smithfield Foods 1st quarter sales in detail
By APWednesday, September 8, 2010
At a Glance: Smithfield Foods 1Q results
Stronger demand is helping Smithfield Foods emerge from a long period of weak prices with historically high ingredient costs. The company said stronger demand, coupled with $125 million in annual cost savings from a restructuring plan, should make 2011 profitable.
Here is a breakdown of sales performance in key segments of Smithfield Foods.
— FRESH PORK: Up 10 percent to $1.15 billion
— PACKAGED MEATS: Up 5 percent to $1.26 billion
— INTERNATIONAL: Up nearly 8 percent to $316.3 million
— HOG PRODUCTION: Up 36 percent to $648 million
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