All comparisons are to the fourth quarter or full year of fiscal 2015. The fourth quarter and full year of 2016 contains an extra week as compared to the prior year. All earnings per share measures are adjusted to reflect the two-for-one stock split distributed on February 9, 2016.
For the quarter Hormel reached record dollar sales of $2.6 billion, up 9 percent; volume up 9 percent. Refrigerated Foods operating profit increased 51 percent; volume up 9 percent; dollar sales up 8 percent. Jennie-O Turkey Store operating profit rose 26 percent; volume up 32 percent; dollar sales up 29 percent.