Tue Nov 26, 2013 01:45 PM CST

(Dow Jones) -- Hormel Foods Corp.'s fiscal fourth-quarter profit grew 19% as the company benefited from its recent acquisition of Skippy and earnings gains at its turkey and refrigerated-foods units.

The packaged-foods company, whose brands include Spam and Dinty Moore stew, said it should get a boost from lower animal-feed costs in 2014 as it projected earnings for the full year in line with analyst expectations.

Hormel shares recently were up 5.5% at $44.77 and have surged 43% this year.

The Austin, Minn., company has posted improving revenue for more than three years as consumers choose to eat at home ...

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