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Hudson Foods Inc.

HUDSON FOODS INC.

Suffers Drop In Net Income

ROGERS -- Hudson Foods Inc., one of the nation's largest poultry producers and food processors, announced that net income for the third quarter that ended June 29 was $3.1 million, 21 cents in primary earnings per share.

That was down from last year's third-quarter net income of $4.4 million, 30 cents in primary earnings per share (29 cents fully diluted).

Sales for the quarter rose to $200.1 million from $184.1 million a year ago, an increase of 8.7 percent.

Nine-month profits were $4.5 million, 31 cents in primary earnings per share, down from profits a year earlier of $6.7 million, 47 cents a share.

Sales climbed 17.2 percent to $562 million from 1990's nine-month total of $479.5 million.

Hudson Foods sells a variety of chicken and turkey products under the "Hudson," "Flavor Fresh" and "Hudson Deli-Meister" brand names.

The company also sells poultry, beef and pork products under the "Ohse," "Schweigert," "Pierre" and "Roegelein" brand names.

Contact: Tom Reynolds, Hudson Foods Inc., P.O. Box 777, Rogers, 72757, 631-5177.
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Title Annotation:Public company corporate reports
Publication:Arkansas Business
Article Type:company profile
Date:Aug 12, 1991
Words:185
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