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Hormel profit up 4% as Spam demand rises
marketwatch ^
| Matt Andrejczak,
Posted on 05/30/2009 10:03:54 AM PDT by JoeProBono
SAN FRANCISCO (MarketWatch) - Hormel Foods Corp. reported Thursday net income rose 4% for the quarter but sales growth was flat despite increased demand for Spam, Dinty Moore stews, and Chi-Chi's Mexican food items. Hormel reported second-quarter net income of $80.4 million, or 59 cents a share, up from $77.6 million, or 56 cents a share, in the year-earlier period. Sales were $1.6 billion, about even with last year.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Food
KEYWORDS: bhoeconomy; economy; hormel; spam
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To: JoeProBono
2
posted on
05/30/2009 10:05:11 AM PDT
by
SolidWood
(Palin: "We do not want to become slaves of Washington.")
To: All
3
posted on
05/30/2009 10:05:49 AM PDT
by
JoeProBono
(A closed mouth gathers no feet)
To: SolidWood
4
posted on
05/30/2009 10:07:05 AM PDT
by
JoeProBono
(A closed mouth gathers no feet)
To: dighton
To: JoeProBono
6
posted on
05/30/2009 10:08:17 AM PDT
by
Rocko
(Mymindisaragingtorrent,floodedwithrivuletsofthoughtcascadingintoawaterfallofcreativealternatives.)
To: MozarkDawg
7
posted on
05/30/2009 10:09:03 AM PDT
by
JoeProBono
(A closed mouth gathers no feet)
To: Rocko
8
posted on
05/30/2009 10:10:15 AM PDT
by
fhayek
To: JoeProBono
I’m looking for newspaper sales to start taking as people no longer can afford to repair their shoes or purchase new ones.
9
posted on
05/30/2009 10:10:55 AM PDT
by
FlingWingFlyer
(Gibbs needs to be "exceedingly careful" when threatening the American people.)
To: JoeProBono
Don’t understand the “thrift” appeal of Spam. If one buys cuts of meat when they’re on sale, the per-pound price is cheaper than Spam’s per-pound price. I don’t get it.
10
posted on
05/30/2009 10:12:02 AM PDT
by
NewJerseyJoe
(Rat mantra: "Facts are meaningless! You can use facts to prove anything that's even remotely true!")
To: MozarkDawg
11
posted on
05/30/2009 10:12:40 AM PDT
by
JoeProBono
(A closed mouth gathers no feet)
To: SolidWood
But, but what are the Muslims to do? They can’t eat that stuff.
12
posted on
05/30/2009 10:13:42 AM PDT
by
freekitty
(Give me back my conservative vote.)
To: JoeProBono
Yuck. I hated it when my mom made that for “dinner.” She fried it and put a slice of pineapple on it. Her beef stroganoff was much better.
To: NewJerseyJoe
Maybe because it’s canned and keeps longer (I don’t know, I’ve never been a Spam fan)?
14
posted on
05/30/2009 10:14:52 AM PDT
by
Rocko
(Mymindisaragingtorrent,floodedwithrivuletsofthoughtcascadingintoawaterfallofcreativealternatives.)
To: NewJerseyJoe
It’s like ordering tomato juice when on a plane.
15
posted on
05/30/2009 10:14:54 AM PDT
by
SolidWood
(Palin: "We do not want to become slaves of Washington.")
To: NewJerseyJoe
You gotta live in the inner city
16
posted on
05/30/2009 10:15:19 AM PDT
by
JoeProBono
(A closed mouth gathers no feet)
To: freekitty
They are way ahead of you.
17
posted on
05/30/2009 10:15:50 AM PDT
by
SolidWood
(Palin: "We do not want to become slaves of Washington.")
To: JoeProBono
I don't like Spam!
18
posted on
05/30/2009 10:16:34 AM PDT
by
50cal Smokepole
(Effective gun control involves effective recoil management)
To: JoeProBono
It’s been a big delicacy in Hawaii (among native Hawaiians)for quite a while.
To: SeanOGuano
20
posted on
05/30/2009 10:18:17 AM PDT
by
JoeProBono
(A closed mouth gathers no feet)
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