| Business Summary | | Pierre
Foods,
Inc.
is
a
vertically
integrated
producer
and
marketer
of
fully
cooked
branded
and
private
label
protein
and
bakery
products
and
microwaveable
sandwiches
for
the
foodservice
market.
The
Company's
food
processing
business
was
originally
developed
to
support
its
restaurants,
but
grew
independently
to
become
its
principal
business.
Pierre
now
operates
solely
in
the
food
processing
business.
In
December
1999,
the
Company
implemented
another
tax-exempt
reorganization
of
its
corporate
structure
to
further
streamline
its
operations
into
one
subsidiary.
In
July
2000,
the
Company,
then
known
as
Fresh
Foods,
Inc.,
changed
its
name
to
Pierre
Foods,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pierre
Foods,
Inc.
produces
and
markets
branded
and
private
label
protein
and
bakery
products
and
sandwiches
for
the
domestic
foodservice
market.
For
the
13
weeks
ended
6/2/01,
revenues
rose
15%
to
$50.8
million.
Net
loss
before
extraordinary
item
fell
47%
to
$761
thousand.
Revenues
reflect
an
increase
in
demand
in
core
customer
channels.
Lower
loss
also
reflects
an
improved
profit
margin
due
to
production
efficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| James Richardson, Jr., 52 Chairman | $1.8M | Norbert Woodhams, 55 Pres,
CEO, Director | 303K | David Clark, 44 Vice
Chairman | 153K | Pamela Witters, 44 CFO,
Treasurer, Sec. | 176K | Dollar amounts are as of 3-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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