Hormel Foods achieves record Q1 earnings

Hormel Foods achieves record Q1 earnings

Hormel sales lower due to turkey supply constraints and higher pork operating margins.

Hormel Foods Corp. reported this week record earnings of 43 cents per share for the fiscal 2016 first quarter, a 23% increase from the same period last year.

“We are pleased to report a double-digit earnings increase for the quarter, with four of our five segments posting earnings growth,” said Jeffrey Ettinger, Hormel board chairman and chief executive officer. “This marks our 11th consecutive quarter of achieving record earnings results.”

The company reported record net ea

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