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

Hormel Foods World Headquarters
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November 24, 2015

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.