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Hormel Foods Corporation
Hormel Foods Reports First Quarter Results
March 4th, 2010
Hormel Foods Corporation (NYSE: HRL) reported its performance for the fiscal year 2010 first quarter. HIGHLIGHTS First Quarter Diluted EPS of $.82, up 37 percent from $.60 per share in 2009
Segment operating profit up 34 percent from last year
Dollar sales of $1.7 billion up 2 percent from 2009
Volume up 3 percent from 2009
Grocery Products operating profit up 37 percent; volume up 10 percent; dollar sales up 8 percent
Refrigerated Foods operating profit up 53 percent; volume flat; dollar sales down 1 percent
Jennie-O Turkey Store operating profit up 14 percent; volume up 7 percent;...
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Source: VerticalNews (2010-03-04)