Hormel Foods Reports Earnings of 90 Cents Per Share
Sales rose 23% from a year earlier to $2.1 billion, the company said in a statement.
"We hit the seven billion dollar mark in annual sales for the first time in our Company's history, fueled by sales growth across all five of our segments," said CEO Jeffrey M. Ettinger.
Hormel forecast earnings per share of $3.10 to $3.20 for fiscal 2011.
"We have solid top-line momentum heading into fiscal 2011," Ettinger said.