date:Jun 15, 2012
For the year ended April 29, the company had income of $361.3 million, equal to $2.23 per share on the common stock, which compared with income of $521 million, or $3.14 per share, during fiscal 2011. Sales for the year were $13,094.3 million, up 7 percent from $12,202.7 million.
Fiscal 2012 net income represented the second best year in Smithfield history following a record year in fiscal 2011 and underscored our ability to continue to deliver solid earnings to our shareholders, said C. Larr