February 3, 2012 |
Do happier pigs make for better Spam?Hormel Foods Corp., which makes the gelatinous canned meat, is betting yes. The Minnesota company said this week that it will stop using gestation crates by 2017. The crates, which are often so small that the pregnant hogs they house can't move, will also be disavowed within five years by McRib pork provider Smithfield Foods Inc. Seems like nowadays, with more consumers interested in the origin of what they eat, food purveyors and restaurant chains are taking care to highlight fresh, healthy - and presumably well-treated - fare.
November 24, 2005 |
Pork and turkey processor Hormel Foods Corp. said fiscal fourth-quarter profit climbed 17% because of a strong market for turkey meat, lower feed costs and improved production. Net income rose to $81.7 million, or 59 cents a share, from $69.8 million, or 50 cents, a year earlier. Revenue increased 10% to $1.48 billion, lifted largely by acquisitions. Analysts predicted earnings of 57 cents a share and $1.51 billion in sales, according to Thomson Financial.
December 31, 2004 |
Spam Dogs? Hormel Foods Corp., which makes the iconic canned luncheon meat, said Thursday that it had purchased Vernon-based Clougherty Packing Co., producers of Dodger Dogs and Farmer John brand meats, for $186 million in cash. The marriage of pork-product purveyors is expected to help Austin, Minn.-based Hormel meet production needs and strengthen the company's presence in California and the Southwest, particularly among the region's growing Latino population, Hormel executives said in a statement.
May 21, 2004 |
Hormel Foods Corp., maker of Spam luncheon meat and Jennie-O Turkey, said fiscal second-quarter profit rose 59% on sales of its Always Tender refrigerated meat entrees and on higher turkey prices. Net income rose to $53.7 million, or 38 cents a share, from $33.8 million, or 24 cents, a year earlier, the Austin, Minn.-based company said. Sales rose 14% to $1.14 billion.
July 31, 2003 |
It's a case of Spam vs. spam. It would seem hard to confuse the trademark canned meat with junk e-mail. But Hormel Foods Corp. thinks otherwise. Hormel, which markets the canned meat Spam, has taken issue with SpamArrest's request to trademark its name. The Seattle-based software and Internet company, whose product blocks unwanted unsolicited commercial e-mails for subscribers, filed for two international trademarks in early 2002. This year, the Austin, Minn.
August 16, 2002 |
Hormel Foods Corp. said fiscal third-quarter profit rose 15% as gains in grocery products such as Spam luncheon meat offset weaker turkey and pork sales caused by excess supplies. Net income for the three months ended July 27 rose to $38.3 million, or 27 cents a share, from $33.2 million, or 24 cents, a year earlier, the company said. Sales fell 4.4% to $933.8 million from $977 million. The results matched analysts' expectations. Austin, Minn.-based Hormel's shares rose 3 cents to $21.