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Performance
For 119 years, Hormel Foods has been guided by the values of integrity and innovation. The company has flourished by promoting the best governance practices with high standards for transparency and accountability, as well as financial sustainability through the use of sound business decisions. By applying these guiding principles, Hormel Foods has experienced tremendous growth. Our commitment to our ethical standard is also sustained in our public policy initiatives and in our international operations.
Hormel Foods has had 44 consecutive annual dividend increases, ranking the company No. 11 on the S&P 500 for consecutive annual dividend increases.
Fiscal year 2009 Financial Performance Highlights:
- Year-over-year Earnings per share increased 22 percent in fiscal year 2009.
- Operating profit on a year-over-year basis increased 7 percent in fiscal year 2009.