date:May 24, 2013
Weaker results in the Jennie-O Turkey Store segment as well as costs related to the Skippy acquisition contributed to a 2% decline in earnings at Hormel Foods Corp. during the second quarter.
For the quarter ended April 28, the company had earnings of $125,520,000, equal to 47c per share on the common stock, which compared with income of $127,887,000, or 49c per share, during the same quarter of the previous year. Sales for the quarter were $2,152,686,000, up 7% from $2,012,859,000 during the s