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:
Wendy’s Peltz eyes supersizing THL’s CKE bid (New York Post)
(Photo from www.smithfield.com)