date:Nov 21, 2012
Net income at Hormel Foods Corp. rose to $132.6 million, or 49 cents per diluted share, for the fourth quarter of fiscal 2012. This compares to $117.3 million or 43 cents per diluted EPS in the year-ago period. This represents a 13 percent increase in net income and a 14 percent increase in diluted EPS, according to the company.
We achieved solid results in the quarter with earnings per share and sales up 14 percent and 3 percent, respectively. We are pleased to have generated both segment prof