Hormel fourth-quarter profit rises 50...

Hormel fourth-quarter profit rises 50 percent, but sales slip

There are 2 comments on the TwinCities.com story from Nov 24, 2009, titled Hormel fourth-quarter profit rises 50 percent, but sales slip. In it, TwinCities.com reports that:

Hormel Foods said today its fourth-quarter profit rose more than 50 percent, helped by lower ingredient costs even as sales slipped on lower meat prices and a continuing pullback in consumer spending on pricier items like microwave meals.

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“I am always right.”

Since: Oct 09

Former MN Taxpayer

#1 Nov 24, 2009
I didn't get a 50% raise in the last 3 months, did you? They can say all they want about cutting costs, but this is an obscene level of profits for Hormel.

The only way to achieve profits this high is to over charge comsumers for your products.

Another example of a company that needs to get slapped down by our government for their abuse of the general consuming public.
Clueless

United States

#2 Nov 24, 2009
IrishMN wrote:
I didn't get a 50% raise in the last 3 months, did you? They can say all they want about cutting costs, but this is an obscene level of profits for Hormel.
The only way to achieve profits this high is to over charge comsumers for your products.
Another example of a company that needs to get slapped down by our government for their abuse of the general consuming public.
Another example of a company the unions are still mad
at, right union thug? Without the profits, your union
officers and stewards would actually have to WORK for a
living, but your talking points didn't include that,
did they?

This is the face of the Democratic Party, folks!!!!!
Vote with that in mind.

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