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Hormel Foods (HRL +2.4%) moves higher on a mixed Q2, beating on its EPS but missing on revenue....
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Wednesday, May 23, 2012, 12:40 PM ETHormel Foods (HRL +2.4%) moves higher on a mixed Q2, beating on its EPS but missing on revenue. Net earnings rose 17% as strong demand for turkey burgers and Spam helped offset lower sales of refrigerated foods and pork products. While operating profit increased in four of five units, volumes were down in its grocery products and refrigerated foods divisions - a sign brand-name food makers continue to struggle after raising prices throughout 2011.
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