Tuesday, December 21, 2021

Sanderson Farms reports profits, then hit with demand

Sanderson Farms reported net income of $455 million on net sales of $4.8 billion in fiscal 2021, ended Oct. 31, compared with $28.3 million in net income on $3.6 billion in net sales for fiscal 2020.


And then it was hit by a request from the federal Department of Justice for more information that might reveal whether and how it participated in price-fixing.


A number of its peers have settled class-action lawsuits by paying tens of millions of dollars without admitting they did anything wrong.


Yeah, right! We did nothing wrong. Trust us!