Posted on 12/10/2021 7:50:14 AM PST by mylife
Sales of the canned cooked meat Spam have hit a record high for the seventh year in a row, despite pandemic-related challenges.
That helped Hormel, the company that makes the iconic brand, deliver record sales of $3.5bn (£2.65bn) in the three months to the end of October.
The firm's boss said it will start work on expanding its range of Spam products next year.
Hormel's shares rose by almost 6% in New York on Thursday.
"The Spam brand delivered its seventh consecutive year of record growth," Hormel's chief executive Jim Snee said on a conference call with investors.
"We are also beginning work on another expansion for the Spam family of products scheduled to be operational in 2023," he added.
Hormel, which completed its takeover of the Planters peanut brand in June, saw sales rise by 19% to $11.4bn for the year as a whole.
That came even as the company was faced with supply chain issues during the coronavirus pandemic.
To help limit the impact of supply issues in the future Hormel said it has signed a new five-year contract for supplies of pork, the main ingredient in Spam.
(Excerpt) Read more at bbc.com ...
• Spam is cheap
• Spam stores for a long time (won’t got to waste)
• Spam is meat (despite the rumors) and is as nutritious as any other meat
If you are poor, there is a lot to recommend Spam.
Increasing Spam sales would indicate the number of poor is increasing, more people are worried about becoming poor (so they are conserving their money), or more people are stocking up on food.
I’ll have the Spam, Spam, Spam, and eggs. Hold the eggs.
Took me a week to eat a can. Switched to Treet
I make Spam paninis: thinly sliced, fried. Lightly buttered white bread. American cheese to glue the whole thing together, and into the panini maker. I’m very cultured, you see
Asia popularity:
Outside the US, Spam has a large international market, especially in the Asia-Pacific region.
It has been a household name in Hawaii since it was introduced in 1937.
It can be found on menus across the islands, as Spam musubi - a sushi-like dish - Spam fried rice, and the popular breakfast - Spam, eggs, and rice.
In South Korea, it was introduced by the US army during the Korean War, when food was scarce.
Today, Spam is so much a part of South Korean culture, that it is the staple ingredient in one of the country’s favourite dishes: budae jjigae, or army stew.
Tins of Spam are even given as presents for the Lunar New Year, sometimes presented in gift-boxes as part of special promotion for the holiday.
Hormel is based in the US state of Minnesota and operates in more than 80 countries worldwide.
As well as Spam and Planters, its brands include Natural Choice and Applegate meat products and Skippy peanut butter.
I remember pricing spam about 20 years ago and was shocked at how expensive it is. Regarding canned meat, I prefer Sardines. A lot healthier too!
It’s cheap storable protein that will last indefinitely.
Not very healthy, but neither is starvation, which is guaranteed with the supply chain paralysis.
I work in the agricultural industry, and supplies of fertilizer and pesticides/herbicides have collapsed, meaning much lower yields coming up.
The Great Reset is a fait accompli.
Spam isn’t actually that cheap. It used to be but really dollar per ounce it’s not a good value. Even if it tasted good. Which it doesn’t.
Always in my “end of times” pantry, I buy it on sale and stack it deep, lasts forever, great fried.
I’m having spam, spam, spam, spam, spam, spam, baked beans, spam, spam, spam and spam!
“Egg, bacon, sausage and Spam”
That doesn’t have much Spam in it.
Hunters go for it. It’s a staple...and the right size for a single person.
I like yer style ;)
Don’t forget the Spushi! Excellent quisine for the wayfaring urban denizen....
Never has so much food that will never be eaten been sold.
I only buy it on sale.
I’ve never had SPAM, but after watching several prepper videos on Youtube I decided to try a small Bristol canned ham. Or “ham” as it seems to be formed from bits and bobs. It was quite tasty! I used it in scrambled eggs, tossed a few cubes into a pot of pea soup (yummy!) and even ate a bit plain. It’s a tad salty, so adjust recipes accordingly.
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