NEWS
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 ...

Quick View
Related News Stories
ABC Asks Judge to Toss LFTB Lawsuit
Farmers, Ranchers Won't Fight Rule
FDA Targets Antibiotics in Meat
The Market's Fine Print
Groups Sue Over Horse Slaughter
Study: Chicken, Ground Beef are Riskies