date:Feb 24, 2014
per share, in the prior-year period.
Net sales advanced 6% to $2,242,672,000 from $2,116,241,000 in the previous years first quarter.
Operating profit in the Grocery Products segment advanced 13%, and segment sales were 20% higher due to the acquisition of Skippy peanut butter brand products and increases in Hormel bacon toppings, chili and the Herdez product line, offsetting weakness for Spam and Compleats.
The Refrigerated Foods segment posted a 59% gain in profit, reflecting higher pork op