AUSTIN, Minn. – Hormel Foods Corp. reported Thursday that its fiscal 2008 third quarter earnings were down 9 percent from the same period a year ago.
The company reported net earnings of $51.9 million, compared to last year’s earnings of $57.4 million. Sales totaled $1.68 billion, up from $1.52 billion in fiscal 2007. For the nine months ended July 27, 2008, net earnings were $217.7 million, compared to $200.7 million a year ago. Sales totaled $4.9 billion, up 8 percent, from $4.5 billion in the same period last year.