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Hormel reports record earnings
date:May 25, 2012
Grocery products also saw growth, with a 10% increase in operating profit, which Hormel put down to lower pork and beef input costs. Net sales increased 1%, with strong results of spam offset by soft sales of microwave products.


In contrast, refrigerated foods performed poorly, with proft down 25% as a result of lower pork operating margins. Net sales were relatively staic, with lower pork sales ofsetting stronger sales of the companys deli meats and party trays.


Jeffrey Ettinger, chairman o

12/21 21:24