Smithfield Foods’ profits up, carbs cited

Filed under: Business — Tags: — @ June 9, 2004

Smithfield Foods, the world’s largest pork producer, saw earnings of $122.7 million for the last quarter. Though this total includes an after-tax gain of $49 million, earnings for the year-ago quarter were a scant $5 million. What’s the sudden increase attributed to? Carbs.

bq. Bacon has become more popular amid the growth of low-carb diets, because it can be eaten as a breakfast meat and added to salads and other foods during the day, analysts said.

Despite the good news, shares of Smithfield Foods (SFD) are trading down.

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