AUSTIN, MINN. — Strong results from Hormel Foods Corp.’s value-added businesses contributed to record earnings for the company during the first quarter of fiscal 2022 and provided a sign that Hormel is headed in the right direction with its efforts to transform its Refrigerated Foods and Jennie-O Turkey Store businesses.
“From a bottom-line perspective, the intentional actions we have taken to offset inflationary pressures are working,” said James P. Snee, chairman of the board, president and chief executive officer. “These actions include pricing, improving promotional effectiveness and shifting to a more profitable mix.
