date:May 22, 2014
Foods recorded net income of $140,090,000, equal to 53c per share on the common stock, compared favorably to the previous year when net income was $125,520,000, or 47c per share.
Sales for the quarter were $2,244,866,000 compared with $2,152,686,000 during the previous year.
Looking ahead, Mr. Ettinger said Elevated pork, beef, turkey, and avocado costs, driven by tighter raw material supplies, are presently compressing margins on many of our value-added products. We are maintaining our fisca