Dive Brief:
- Hillshire Brands posted an 11% jump in revenue in what will likely be its last quarter as an independent company.
- The company topped Wall Street forecasts and performed well across the board. Retail sales rose 8.5%, while foodservice sales jumped 17%.
- The earnings release comes as Hillshire counts down toward its merger with Tyson Foods, scheduled to be completed by Sept. 27.
Dive Insight:
The folks at Tyson must be feeling pretty good right about now about their decision to outbid Pilgrim's Pride and take control of Hillshire. With an earnings report like this, it's unlikely anyone is still questioning the wisdom of a Tyson-Hillshire tie-up. Now all that's left is approval from the Justice Department.