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

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”.