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Swift & Co's 'stool' has the firm sitting pretty

Published Friday, September 03, 2004

Buoyed by continued outstanding pork sales and a strong finish to the year by its Australian beef segment, Swift & Co Inc reported record net income of $35.2 million on sales of $2.6 billion in the fourth quarter of its fiscal year ending May 30, 2004. John N Simons, president and chief executive officer of the Greeley CO-based meat company, credits the fourth-quarter rebound to Swift’s “three-legged stool” business model—built around beef, pork, and Australia—that positioned the company to succeed even while mad cow-related challenges continue to affect the entire United States beef industry. For the year, Swift ...

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