HORMEL FOODS CORP
SymbolHRL

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Hormel Foods Reports Fourth Quarter and Full Year Results

2009-11-24 07:30 ET - News Release


Company Website: http://www.hormel.com
AUSTIN, Minn. -- (Business Wire)

Hormel Foods Corporation (NYSE: HRL) today reported its performance for the fiscal year 2009 fourth quarter and full year.

HIGHLIGHTS

Fourth Quarter

  • Diluted EPS of $.77, up 54 percent from $.50 per share in 2008
  • Segment operating profit increased 17 percent from last year
  • Dollar sales of $1.68 billion decreased 10 percent from 2008
  • Volume down 3 percent from 2008
  • Grocery Products operating profit up 12 percent; volume down 7 percent; dollar sales down 12 percent
  • Refrigerated Foods operating profit up 23 percent; volume up 1 percent; dollar sales down 9 percent
  • Jennie-O Turkey Store operating profit up 6 percent; volume down 6 percent; dollar sales down 10 percent
  • Specialty Foods operating profit up 9 percent; volume down 8 percent; dollar sales down 12 percent
  • All Other operating profit up 53 percent; volume down 11 percent; dollar sales down 13 percent
  • Net Interest and Investment Income was up $22.9 million from 2008

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