date:Nov 21, 2012
percent increase in sales, according to Hormel. Higher sales of private label canned meats contributed to the improved results.
Profits in the All Other segment, which consists primarily of Hormel Foods International, gained 24 percent, while sales grew 1 percent. The segment accounted for 4 percent of net sales and 6 percent of total segment operating profit. The company attributed the gains to strong export sales to Canada and improved margins in Spam products.
For the year ended Oct. 28,