The Latest Breaking News from SAFM

The jitters over inflation's impact on the economy’s growth prospects have lately led to immense stock market volatility. Since the macroeconomic headwinds are not expected to ease anytime soon, we think it could be wise to invest in high-quality stocks Vertex Pharmaceuticals (VRTX), United Microelectronics (UMC), and Sanderson Farms (SAFM),…

Inflation is expected to remain high despite the rising interest rates. Amid high inflationary pressure, grocery chain companies could offer steady returns because of the inelastic demand for their products. Thus, fundamentally sound grocery chain stocks The Kroger (KR) and Sanderson Farms (SAFM) could be solid buys to protect your…

Energy prices have risen amid tight supplies and robust demand. The industry tailwinds have helped several energy stocks to gain substantially this year. However, looking beyond the energy sector, a few stocks are pushing up against their 52-week highs. Two such non-energy stocks, Kronos Worldwide (KRO) and Sanderson Farms (SAFM)…

Sanderson Farms Inc (NASDAQ:SAFM) reported second-quarter FY22 revenue growth of 35.8% year-over-year to $1.54 billion, beating the consensus of $1.39 billion. Selling, general and administrative expenses rose 3.3% Y/Y to $66.3 million. The operating margin was 27.4%, and operating income for the quarter jumped 230% to $421.5 million. Related: Cargill, Continental Grain To Acquire…