Hormel Foods Sees Pork Supplies Improving, Profits Up 21%
date:Aug 25, 2014
ENNIE-O ground turkey and JENNIE-O deli products contributed to sales growth during the quarter.

The Specialty Foods segment posted operating profits 25 percent lower than last year with a 10 percent decrease in sales. As expected, lower segment results were largely due to the July 2013 expiration of the agreement allowing Diamond Crystal Brands to sell certain sugar substitutes into foodservice trade channels.

The International Other segment reported profits up 12 percent and a sales increas
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