Hormel serves up a well-done fiscal 1Q

Feb. 27, 2004
Hormel Foods Corp, the Austin MN-based marketer of consumer-branded meat and food products, has reported net earnings of $51.8 million for the fiscal

Hormel Foods Corp, the Austin MN-based marketer of consumer-branded meat and food products, has reported net earnings of $51.8 million for the fiscal first quarter ended Jan 24, 2004, up 10% from $46.9 million a year earlier. Earnings per share were $0.37 versus $0.34 in the fiscal 2003 first quarter. Sales totaled $1.1 billion, up from $1.0 billion in the same period a year earlier.

The company's Refrigerated Foods unit operating profit surged 178% in the fiscal first quarter, though volume was down 7% due to discontinuation of hog processing at Rochelle IL. First-quarter sales for the unit rose 8%.

About the Author

from staff and wire reports

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!