Hormel Food Corp.'s profits soared to a record $500.1 Million for the Fiscal Year 2012.
The Austin Daily Herald reports that
"That’s up 5 percent from $474.2 million, or $1.74 per share, in 2011, and the company also hit a record $8.23 billion in total sales, up 4 percent from last year’s $7.9 billion"
The company also reported that the Jennie-O turkey division saw a profit increase of 16% over last year.
Source: Austin Daily Herald
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