Chicken Sandwich Boom Helps Sanderson Beat Feed Cost Spike
- Full big-bird production to return in June after Covid pause
- Sanderson margin, profits ‘far better than expected’: JPMorgan
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Americans’ appetite for chicken sandwiches and the return of restaurant dining are fueling profit at Sanderson Farms Inc., helping the poultry company offset soaring feed grain costs.
The third-biggest U.S. chicken producer saw earnings surge in the fiscal second quarter as more restaurants and food-service outlets restock and prepare for higher demand as communities return to pre-pandemic life.