SPAM Sales Are on Fire as People Stay Quarantined During Coronavirus Pandemic
There is a lot of Spam grilling going on at quarantined households right now.
Hormel CEO — maker of the nation’s unofficial canned meat — Jim Snee tells Yahoo Finance sales of Spam have been strong during the coronavirus pandemic. Snee hinted the 80-year-old brand’s record-setting sales pace is unlikely to be halted this year.
“We were already off to a great start with Spam. This would be our sixth consecutive year of record sales. I think the significant uptick we are seeing through this crisis puts us well on our way,” Snee said on Yahoo Finance’s The First Trade. “But even before this uptick, our Spam business has been really, really strong. It’s connecting with consumers, it’s on trend and more relevant than it has ever been.”