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It’s a bad time to be a chicken
Americans are eating more chicken and paying more to do so, according to leading poultry producer Sanderson Farms.
The company said its third quarter sales increased 18.3% to $739 million and profits grew 136% to $67.9 million, or $2.95 a share, compared to profits of $28.7 million, or $1.25 a share.
The strong showing was the result of improved market conditions as whole bird prices remained at historically high prices during the quarter, according to Joe F. Sanderson, Jr., chairman and CEO of Sanderson Farms, Inc.
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PREIT: Matching Mall And Grocer
Turns out, malls and grocers were made for each other.
A few years ago, Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) renovated Plymouth Meeting Mall in Philadelphia’s northwestern suburbs.
The renovation replaced an old Ikea on the site with a lifestyle component called Plymouth Meeting Mall’s Plaza Shops, which leads customers to the mall entrance.
PREIT brought in a 65,000-sq.-ft. Whole Foods Market as the anchor.
