Perishable Pundit
 
  Home | About | Archives | Sponsorship | Contact Us | Submit / Suggest
  Meat & Poultry rss  
   
   Hormel Hits Record Sales, Profits, As Bacon & Lunch Meats Thrive
by Kristen Leigh Painter, Star Tribune
Posted: Friday, May 25, 2018 at 3:34PM EDT

Hormel Foods Corp. is still taking a beating from America's oversupply of turkeys, but executives say the end is in sight.

The Austin, Minn.-based foodmaker reported record sales and record profit Thursday, but still missed analysts' expectations for its second quarter ending April 29.

Chief Executive Jim Snee said recent acquisitions, like deli meat brands Fontanini and Columbus, helped bolster the numbers as Hormel navigates volatile hog prices and a national shortage of freight trucks.

To read the rest of the story, please go to: Star Tribune


print article
Print Article
send article
Send Article
Respond
Respond
Permalink
Permalink
Share Article
Share Article


Bakery Dairy Deli Floral  Meat & Poultry Produce Seafood Retail & Foodsvc
 Lowe Refrigeration  Magic Seasonings Original Magic  Chicken of the  sea  Deli Business  Produce business UK Newsletter  

mail to friend

Got News? Send your latest press releases and announcements to MeatPR@PerishableNews.com