date:Aug 22, 2014
Hormel Foods reported record third-quarter net earnings of $138.0 million, or 51 cents per share, up 21 percent from $113.6 million, or 42 cents per share, a year ago. For the quarter ended July 27, sales climbed 6 percent to a record $2.3 billion despite a 1 percent decline in volumes.
Our team was able to achieve another quarter of record sales and earnings, with sales up 6 percent and earnings per share up 21 percent versus the same quarter a year ago, said Jeffrey Ettinger, chairman of the