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More on Hormel's (HRL) Q4: Volume rose 2% during the period to account for a good portion of the...

More on Hormel's (HRL) Q4: Volume rose 2% during the period to account for a good portion of the uptick in sales. Revenue in the Grocery Products segment rose 24% Y/Y to $334M to offset a slip in Refrigerated Foods sales. The company raises full-year EPS guidance to a range of $1.93-$2.03, up from a prior estimate of $1.90-$2.00. (PR)
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Reuters is reporting bad news for Hormel: "Regulators performing a routine check discovered horse DNA in some of the Spam samples. A Hormel spokesperson said 'How did that get in there? The horse meat was meant for the chili.'"
    21 Feb 2013, 07:41 AM Reply Like
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