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Friday, May 23, 2008
Hormel Foods reports 14-percent increase for Q2 earnings
May 23, 2008 Hormel Foods reports 14-percent increase for Q2 earnings   Hormel Foods' second quarter earnings rose 14 percent on-year to US$77.6 million on sales of US$1.59 billion, thanks to low pork prices and strong spam sales. Hormel at ...
Wednesday, March 12, 2008
Hormel open to acquisition opportunities
March 12, 2008 Hormel open to acquisition opportunities Hormel Foods Corp. will expand its plant operations or go for right acquisition opportunities this year, CEO Jeffery Ettinger said. The company will continue to focus on its line of mi ...
Friday, February 29, 2008
Hormel Foods opens innovation center in China
February 29, 2008 Hormel Foods opens innovation center in China Hormel Foods Corporation announced that it has opened an Idea and Innovation Center in China, solely devoted to create new products for Chinese consumers.  The 5,000-square-foo ...
Monday, February 18, 2008
Hormel Foods reports 17-percent increase of Q1 profits
February 18, 2008 Hormel Foods reports 17-percent increase of Q1 profits Hormel Foods said its fiscal first quarter profits have increased by 17 percent as meat costs declined. Hormel stated that its net income is US$88.2 million or 64 cent ...
Wednesday, February 6, 2008
Hormel's Austin plant to complete renovation by May
February 6, 2008 Hormel's Austin plant to complete renovation by May   The Austin Post-Bulletin reports that a US$25 million renovation and expansion at Hormel Foods' plant at Austin, Minnesota, will be completed by May. The project include ...
Wednesday, November 21, 2007
Hormel reports profit increase in Q4
November 21, 2007 Hormel reports profit increase in Q4   Austin-based Hormel Foods Corp reported on Tuesday a 4-percnent increase in its fourth-quarter profits. The company also raised its annual dividend rate by 23 percent to 74 cents a sh ...
Monday, August 13, 2007
Higher meat costs reduces Hormel's Q3 earnings
August 13, 2007 Higher meat costs reduces Hormel's Q3 earnings  Hormel Foods Corp. said its third quarter earnings would be reduced by higher meat input costs, with full year earnings affected as well. The Minnesota-based meat processor sai ...
Monday, January 29, 2007
Purefoods- Hormel to venture into sale of halal goods
January 29, 2007 Purefoods- Hormel to venture into sale of halal goods Philippine food conglomerate Purefoods Hormel Co. (PHC) said it would produce products according to Muslim specifications to target mainly the United Arab Emirates (UAE) ...
Friday, December 8, 2006
Hormel reports increase in sales and revenue
December 8, 2006 Hormel reports increase in sales and revenue Hormel, the pork and poultry processor, has posted a five-percent increase in fourth quarter sales and a six percent gain in fiscal 2006 sales. Hormel Foods Corp., Austin, Minn., ...
Friday, December 8, 2006
San Miguel forms Vietnam hog venture with Hormel
December 8, 2006 San Miguel forms Vietnam hog venture with Hormel Food and beverage giant San Miguel Corporation has sold a 49-percent stake in its agribusiness arm in Vietnam to Hormel Foods Corp. for US$20.48 million. The Philippine Star ...
Thursday, March 2, 2006
Hormel net earnings rises 7 percent
March 2, 2006 Hormel net earnings rises 7 percent US marketer of consumer meat and food products Hormel Foods Corporation announced on Feb 27 that its fiscal 2006 first quarter net earnings of US$69.3 million rose 7 percent from earnings of ...
Wednesday, March 3, 2004
Philippines' San Miguel Plan Vietnam Partnership With Hormel
March 3, 2004 Philippines' San Miguel Plan Vietnam Partnership With Hormel Philippine food and drink group San Miguel Corp. Tuesday confirmed a local newspaper report Monday that it plans to venture into processed meat manufacturing in Viet ...
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