Shop Talk
Retailers, consumers and prices
Check Out Line: Smithfield Foods back in the black
Check out Smithfield Foods turning a quarterly profit for the first time since 2008.
The company — probably best known by consumers for brands such as Butterball — also said its hog unit should improve in the fiscal year that starts this May, after being a drag on results for some time.
Things have already started to pick up, even though that particular business is not yet profitable. The hog unit lost $55.6 million in the latest quarter versus a loss of $253.6 million a year earlier.
Also in the basket:
Best Buy bets on 3D TV, but no quick payoffs seen
Wendy’s Peltz eyes supersizing THL’s CKE bid (New York Post)
Burberry accuses TJX of selling counterfeit goods
Digital mirror: fashion brands convey glamour online
(Photo from www.smithfield.com)
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