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Cagle's Inc. Announces Results for First Quarter Ended June 27, 2009.

Publication: PR Newswire
Publication Date: 04-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ATLANTA, Aug. 4 /PRNewswire-FirstCall/ -- Cagle's Inc. reported net income of $1.3 million or $0.28 per share for the first quarter of fiscal year 2010 compared to a net loss of $3.0 million or $0.64 per share for the first quarter of fiscal 2009.

Revenues for the first quarter were $78.0 million up 1.4% reflecting a decrease in pounds sold of 4.4% and an increase in revenue per pound of poultry sold of $0.049 as compared for the same period of fiscal 2009. Quoted market prices for products for the first quarter of fiscal 2010 versus the same period last year fluctuated as boneless...

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