Hormel Foods Corporation (NYSE: HRL) today reported its performance for the fiscal year 2011 fourth quarter and full year. All comparisons are to the fourth quarter or full year of fiscal 2010. All per share results reported here have been adjusted to give effect to the two-for-one stock split, which was effective February 1, 2011. HIGHLIGHTS Fourth Quarter All quarterly comparisons are based on a 13 week quarter in fiscal 2011, compared to a 14 week quarter in fiscal 2010 Diluted
EPS of $.43, down 4 percent from $.45 per share Segment operating profit decreased 5 percent
Dollar sales of $2.1 billion, increased 2 percent; volume down 7 percent Grocery Products operating profit up 3 percent; volume down 6 percent; dollar sales down 2 percent Refrigerated Foods operating profit down 19 percent; volume down 8 percent; dollar sales up 1 percent Jennie-O Turkey Store operating profit up 4 percent; volume down 11 percent; dollar sales up 2 percent Specialty Foods operating profit up 12 percent; volume down 1 percent; dollar sales up 10 percent All Other operating profit up 3 percent; volume up 2 percent; dollar sales up 12 percent Fiscal Year All annual comparisons are based on a 52 week fiscal year in 2011, compared to a ...
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