Hormel tallies fiscal 4Q, full-year figures

Dec. 3, 2008
Hormel Foods Corporation reported its performance for the fiscal 2008 fourth quarter and full year.

Hormel Foods Corporation reported its performance for the fiscal 2008 fourth quarter and full year.

The company reported fiscal 2008 fourth quarter net earnings of $67.8 million, a 33 percent decline from earnings of $101.2 million a year earlier. Sales totaled $1.86 billion, up from $1.66 billion in fiscal 2007.

For the 12 months ended October 26, 2008, net earnings were $285.5 million, down 4 percent compared with $301.9 million a year ago. Sales were $6.75 billion, up 9 percent from $6.19 billion in the same period a year earlier.

Jeffrey M. Ettinger, chairman of the board, president, and chief executive officer, said, "We announced a $.02 per share increase to our annual dividend, making the new dividend $.76 per share. This is the 43rd consecutive year in which we’ve increased our dividend."

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!