Spam Maker Hormel Sees Net Top Estimates

Hormel Foods(HRL Quote), the maker of Spam, chili and Jennie-O Turkey products, reported fiscal second-quarter earnings of $80.4 million, or 59 cents a share, slightly higher than year-earlier earnings of $77.6 million, or 56 cents a share, as consumers ate more meals at home.

Revenue in the quarter rose to $1.6 billion from $1.59 billion a year earlier.

Analysts surveyed by Thomson Reuters expected Hormel to earn 50 cents a share on revenue of $1.68 billion. ...