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Hormel Turns In Record Sales, Profits For 4th Q And Fiscal Year

November 25, 2014: 12:00 AM EST
Hormel Foods Corporation posted record fourth quarter and full year financial results, including a nine percent increase in earnings per share during the quarter on $2.5 billion in sales (a nine percent increase). For the fiscal year, EPS was up 14 percent to $2.23 on sales of $9.3 billion (a six percent increase).  CEO Jeffrey M. Ettinger said refrigerated foods and Jennie O Turkey brand were able to capitalize on “growth of value, added sales and higher meat commodity prices to lead the way”.
"Hormel Foods Achieves Record Fourth Quarter And Full Year Results", Earnings release, Hormel Foods, November 25, 2014, © Hormel Foods Corporation
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