Performance
Hormel’s profit growth exceeds expectations, optimistic targets set for 2016
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Star Tribune
The packaged food industry is in the doldrums, but Hormel Foods still served investors an appetizing outlook Tuesday.
The Austin-based company, maker of everything from canned chili to organic meats, topped Wall Street’s fourth-quarter profit expectations. And Hormel raised the bar for its new fiscal year, forecasting profits comfortably above what stock analysts had anticipated.