Hormel Foods Corp. reported record performance for the fiscal year 2015 third quarter. On a GAAP basis, the company reported fiscal 2015 third quarter net earnings of $146.9 million, up 6 percent from net earnings of $138.0 million a year earlier. Diluted earnings per share for the quarter were $0.54 this year compared to $0.51 per share last year. The company reported record volume sales, which were up 3 percent.
Excluding Applegate transaction costs, the company reported fiscal 2015 third quarter non-GAAP net earnings of $152.5, up 11 percent from net earnings of $138.0 million a year earlier. Non-GAAP diluted earnings per share for the quarter were $0.56, up 10 percent compared to $0.51 per share last year.