More on Hormel's FQ4

• Hormel Foods (NYSE:NYSE:HRL) reports volume fell 2% in FQ4.
• Revenue by segment: Grocery Products: $422.57M (+4.3%); Refrigerated Foods: $1.15B (-5.1%); Jennie-O Turkey Store: $420.31M (-17.6%); Specialty Foods: $269.9M (-2.8%); International & Other: $138.59M (-0.4%).
• Gross profit rate improved 390 bps to 20.6%.
• SG&A expense rate grew 140 bps to 7.9%.
• Segment operating profit rate increased 280 bps to 13.4%.
• The company expects FY2016 diluted EPS to be in the range of $2.85 to $ 2.95.