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00:02Cormel Foods agreed to sell its whole bird turkey business to Life Science Innovations
00:06as it reported preliminary fiscal first quarter 2026 results and outlined a shift toward value-added
00:13protein products, according to Benzinga. The company projected net sales of approximately
00:17$3 billion, reflecting 2% organic growth. It reported diluted earnings per share of $0.33
00:23and adjusted earnings of $0.34, topping analyst estimates of $0.32. The sale includes production
00:30and transportation assets in Minnesota, including the Melrose Facility and Swanville Feed Mel,
00:36along with supply agreements with independent growers. Pormel said it expects minimal impact
00:41on adjusted fiscal 2026 results and will reaffirm guidance at the Consumer Analyst Group of New
00:47York Conference. Shares rose 0.81% to $23.63 in pre-market trading on Wednesday, according
00:55to Benzinga Pro data. For all things money, visit Benzinga.com.
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