According to a July 28th release, Seaboard Corporation (SEB) posted results for the quarter ended June 27th. The company posted a loss of $26 million on net sales of $1,808 million with an EPS of $(22.35). Corresponding values for the second quarter ended June 29th 2019 were a net profit of $58 million on total net sales of $1,822 million with an EPS of $50.13.
Seaboard Corporation is a conglomerate with investments in hog production, power generation, commodity trading and shipping.
Seaboard is a 50 percent shareholder in Butterball that apparently lost $27 million during the quarter down from a loss of $32 million in the quarter ended June 29th 2019. Net sales for Butterball in the most recent quarter attained $327 billion compared to $343 million in the corresponding quarter in 2019.