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Hormel Foods 2020 — Inside the company's growth strategy

from Food Business News

Despite a lackluster food and beverage marketplace, where growth is difficult to find, Hormel Foods Corp. management reaffirmed its commitment to its goals of achieving 5 percent topline growth, 10 percent bottom-line growth and achieving margins that are in the top quartile of the company's peers by 2020 during the firm's 2017 investor day, which was held June 15 in Austin. The goals are ambitious given how the company has performed. During fiscal 2016, Hormel Foods earned $890,052,000, equal to $1.68 per share on the common stock, up from net income of $686,088,000, or $1.30 per share, in fiscal 2015. more

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