Americans are dining out again and Hormel Foods restaurant sales reflect it.
The company’s food service business, which serves the restaurant industry, surged 45% over last year’s pandemic-induced lull during the summer quarter.
Even when compared with pre-pandemic levels, Hormel Foods Inc.’s food service revenue is up considerably. That’s because Hormel’s product offerings include premade kitchen shortcuts that appeal to restaurant operators at a time when many are short of workers, said chief executive Jim Snee.
On Thursday, the Austin, Minn.-based food maker reported sales growth across every business segment in its fiscal third quarter ended July 25.