| | Business Summary | | Smithfield
Foods,
Inc.
is
a
hog
producer
and
pork
processor
that
conducts
its
business
through
two
groups:
the
Meat
Processing
Group
and
the
Hog
Production
Group.
The
Meat
Processing
Group
produces,
domestically
and
internationally,
a
wide
variety
of
fresh
pork
and
processed
meat
products
and
markets
them
nationwide
to
over
25
foreign
markets,
including
Canada,
Poland,
France,
Japan
and
Mexico.
As
a
complement
to
its
hog
processing
operations,
the
Company
has
vertically
integrated
into
hog
production
through
Brown's,
Carroll's
Foods
and
Murphy
Farms,
which
operate
numerous
hog
production
facilities
with
approximately
695,000
sows
producing
about
11.8
million
market
hogs
annually. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | SFD
operates
as
a
producer,
manufacturer,
marketer,
seller
and
distributor
of
a
variety
of
fresh
pork
and
processed
meat
products
both
domestically
and
in
Canada,
Poland,
France,
Japan
and
Mexico.
For
the
13
weeks
ended
7/29/01,
revenues
rose
15%
to
$1.64
billion.
Net
income
rose
28%
to
$56.9
million.
Revenues
reflect
an
increase
in
average
unit
selling
prices.
Net
income
also
reflects
the
inclusion
of
a
$7
million
gain
on
the
sale
of
IBP
common
stock. Recent Earnings Announcement
For
the
13
weeks
ended
07/29/2001,
revenues
were
1,636,412;
after
tax
earnings
were
56,904. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Luter, III, 61
Chairman,
Pres, CEO | $3.7M | C. Larry Pope, 45
VP,
CFO | 900K | Robert Slavik, 55
VP
of Sales and Marketing | -- | Richard Poulson, 61
VP,
Sr. Advisor to the Chairman | 900K | | Dollar amounts are as of 30-Apr-2000 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/s/sfd.gif)