LONDON — Chicken producer Sanderson Farms Inc. said Tuesday that its fiscal second-quarter net profit rose 34% to $35.1 million, or $1.62 a share, from $26.2 million, or $1.25 a share, a year earlier.
Revenue for the quarter increased 14% to $487.1 million. "Demand for chicken at retail grocery stores remains strong and the ongoing issues we and our industry face in export markets have not yet significantly disrupted the markets," said CEO Joe Sanderson. "
As has been the case for two years, demand from some food service customers continues to be adversely affected by the economic downturn as demand for protein consumed away from home remains soft," he added
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