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Hormel income advances 13%
date:Nov 21, 2012
es and 26 percent of total segment operating profit, according to the company. The segment profit increased 22 percent on strong sales of SPAM products and the portfolio of products within the MegaMex Foods joint venture. Sales for the quarter climbed 21 percent, with contributions by Spam, MegaMex and Hormel chili.

Refrigerated Foods slipped 12 percent, the company said. The segment accounted for 49 percent of net sales and 30 percent of total segment operating profit. Hormel said strong res

12/24 00:04