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Hormel Foods Reports Higher Profit, Lifts Guidance

2016-02-17 06:14:49| Food - Topix.net

Hormel Foods Corp. boosted its guidance for the year as profit in the most recent quarter shot up 37% on strength from its refrigerated foods, grocery products and specialty foods segments, as well as "positive momentum" at Jennie-O Turkey Store. Shares of Hormel, which have added 22% over the past three months, jumped 5.4% to $43.73 in premarket trading.

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