Spam, Skippy give boost to Hormel's 4Q results
AUSTIN, Minn. (AP) — Hormel Foods said Tuesday that its fiscal fourth-quarter net income rose 19 percent, benefiting from strong export sales of its Spam canned ham and Skippy peanut butter. Its performance beat analysts' expectations.
The Austin, Minn., company also boosted its annual dividend 18 percent to 80 cents per share from 68 cents per share.
Are you a newspaper subscriber but you don't have a Digital Access account yet? Activate your account.
You will need your subscription account number and phone number. Not sure if you have an account? Email us or call 320-214-4364 and we can help you.