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HUDSON FOODS ANNOUNCES THIRD-QUARTER RESULTS

 ROGERS, Ark., July 26 /PRNewswire/ -- Hudson Foods, Inc., (NYSE: HFI), a Fortune 500 company and one of the nation's largest poultry producers and food processors headquartered in Rogers, Ark., today announced results for the period ended July 3, 1993.
 Third-quarter net income for Hudson Foods, Inc. rose 65 percent to $5.0 million, or 30 cents in primary and fully diluted earnings per share. This is a strong improvement from last year's third-quarter net income of $3.0 million, or 21 cents in primary and fully diluted earnings per share. Sales increased 12.7 percent to $224.9 million from $199.5 million a year ago.
 Nine month profits increased substantially to $11.1 million, or 72 cents in primary and fully diluted earnings per share, from the year- earlier profits of $385,000, or three cents in primary and fully diluted earnings per share. Sales climbed to $676.7 million from $603.0 million one year ago, a gain of 12.2 percent.
 James T. Hudson, chairman and chief executive officer, said: "Of course, we're very pleased to report the results for a good quarter and nine months. But, along with many of you, we have been closely watching the severe rains and flooding in the Upper Midwest and plains states, which have caused hardships for many farmers.
 "These terrible weather conditions have created uncertainty for companies like ours that use feed grains, which represent a significant portion of our operating costs. Additionally, there's a potential effect on Hudson associates, contract growers and others who depend on our success. We don't yet know if this severe weather will have a long- term effect on our own costs.
 "However, our stockholders can be assured that we will make all necessary adjustments to reduce the impact of any adverse conditions, to keep operations running smoothly, and to keep the company growing."
 Hudson Foods, Inc. sells a variety of chicken and turkey products under the "Hudson" and "Hudson Deli-Meister" brand names, as well as poultry, beef and pork products under the "Ohse", "Schweigert", "Pierre" and "Roegelein" brand names.
 HUDSON FOODS, INC.
 Financial Highlights
 (Unaudited, in thousands, except per share data)
 Period ended Three months
 July 3, 1993 July 4, 1992
 Sales $224,887 $199,510
 Net income 4,991 3,016
 Earnings per share:
 Primary 0.30 0.21
 Fully diluted 0.30 0.21
 Shares used in earnings
 per share computations:
 Primary 16,520,604 14,480,933
 Fully diluted 17,350,890 14,480,933
 Nine months
 July 3, 1993 July 4, 1992
 Sales $676,726 $602,989
 Net income 11,125 385
 Earnings per share:
 Primary 0.72 0.03
 Fully diluted 0.72 0.03
 Shares used in earnings
 per share computations:
 Primary 15,523,779 14,516,433
 Fully diluted 15,523,779 14,516,433
 -0- 7/26/93
 /CONTACT: Tom Reynolds, secretary and treasurer of Hudson Foods, Inc., 501-631-5177/
 (HFI)


CO: Hudson Foods, Inc. ST: Arkansas IN: FOD SU: ERN

MP -- NY014 -- 5546 07/26/93 09:13 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:504
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