date:Nov 27, 2013
Capping a year that included the purchase of the Skippy peanut butter brand and the rollout of Rev snack wraps, Hormel Foods Corp. posted record fiscal sales and a 5% increase in income.
For the year ended Oct. 27, the company had net earnings of $530,076,000, equal to $1.99 per share on the common stock, up from $504,961,000, or $1.90 per share, during fiscal 2012.
Net sales increased 6% to $8,751,654,000 from $8,230,670,000 during the previous year.
We achieved excellent results in the four