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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): October 26,1994
HUDSON FOODS, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-9050 71-0427616
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation File Number Identification No.)
1225 Hudson Road
Rogers, Arkansas 72756
(Address of principal executive offices)
(501) 636-1100
(Registrant's telephone number, including area code)
Note Applicable
(Former name or former address, if changed since last report)
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Item 1. Changes in Control of Registrant
Not applicable.
Item 2. Acquisition or Disposition of Assets
Not applicable.
Item 3. Bankruptcy or Receivership
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant
Not applicable.
Item 5. Other Events
On October 26, 1994, Hudson Foods, Inc. issued a press release announcing
results for the year ended October 1, 1994.
Item 6. Resignations of Registrant's Directors
Not applicable.
Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
1. Press Release, dated October 26, 1994.
2
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Item 8. Change in Fiscal Year
Not applicable.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
HUDSON FOODS, INC
Dated October 26, 1994 By: /s/ Tommy D. Reynolds
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Tommy D. Reynolds
Secretary/Treasurer
3
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Contact: Charles Jurgensmeyer
Chief Financial Officer
Hudson Foods, Inc.
(501) 631-5103
FOR IMMEDIATE RELEASE
---------------------
HUDSON FOODS, INC. ANNOUNCES FOURTH QUARTER
AND 1994 FISCAL YEAR END RESULTS
Rogers, Ark., October 26 - Hudson Foods, Inc. (NYSE:HFI), a Fortune 500
Company and one of the nation's largest poultry producers and food processors
headquartered in Rogers, Ark., today announced results for the year ended
October 1, 1994.
Net income for the fourth quarter rose 61.0 percent to $7.7 million or 46
cents in primary and fully diluted earnings per share. This compares with last
year's fourth quarter net income of $4.8 million, or 29 cents in primary and
fully diluted earnings per share.
Sales for the quarter increased 9.7 percent to $267.4 million from $243.8
million one year ago.
For 1994, net income was a record $27.0 million or $1.62 in primary and
$1.61 in fully diluted earnings per share, compared with the year-earlier $15.9
million or $1.01 in primary and fully diluted earnings per share.
Sales rose to a record $1,040.8 million from $920.5 million one year ago, a
gain of 13.1 percent.
Hudson Foods, Inc. sells a variety of chicken and turkey products under the
"Hudson" brand name, as well as poultry, beef and pork products under the
"Pierre," "Ohse," "Schweigert" and "Roegelein" brand names.
(See Attached Table)
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HUDSON FOODS, INC.
Financial Highlights
(In thousands, except per share data)
(Unaudited)
<TABLE>
<CAPTION>
Three Months Ended
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Oct. 1, 1994 Oct. 2, 1993
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<S> <C> <C>
Sales $267,447 $243,819
Net Income 7,694 4,780
Earnings per share:
Primary 0.46 0.29
Fully diluted 0.46 0.29
Shares used in earnings
per share computations:
Primary 16,833 16,458
Fully diluted 16,848 17,288
<CAPTION>
Year Ended
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Oct. 1, 1994 Oct. 2, 1993
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<S> <C> <C>
Sales $1,040,840 $920,545
Net Income 26,992 15,905
Earnings per share:
Primary 1.62 1.01
Fully diluted 1.61 1.01
Shares used in earnings
per share computations:
Primary 16,632 15,751
Fully diluted 16,732 15,751
</TABLE>
October 26, 1994
