Hormel Foods Corporation reported record performance for the fiscal year 2016 third quarter. All comparisons are to the third quarter of fiscal 2015. All earnings per share measures have been adjusted to reflect the two-for-one stock split distributed on February 9, 2016.
The company reported record net earnings of $195.7 million, up 33 percent from net earnings of $146.9 million. It also announced record dollar sales of $2.3 billion, up 5 percent; volume increased 1 percent. Jennie-O Turkey Store operating profit increased 59 percent; volume was up 29 percent and dollar sales increased 20 percent.