date:Aug 26, 2014
Meat and food processing giant Hormel Foods has reported record fiscal 2014 third quarter net earnings of $138.0 million, up 21 per cent from net earnings of $113.6 million a year earlier.
Diluted earnings per share for the quarter were $0.51, up 21 per cent compared to $0.42 last year.
Sales for the quarter were $2.3 billion, up six per cent from the same period in fiscal 2013 despite being down in volume by one per cent.
Segment operating profit increased by 23 per cent.
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