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Hormel’s profit growth exceeds expectations, optimistic targets set for 2016


Star Tribune

The packaged food industry is in the doldrums, but Hormel Foods still served investors an appetizing outlook Tuesday.

The Austin-based company, maker of everything from canned chili to organic meats, topped Wall Street’s fourth-quarter profit expectations. And Hormel raised the bar for its new fiscal year, forecasting profits comfortably above what stock analysts had anticipated.