CEO Jeffrey Ettinger
CEO Jeffrey Ettinger has been the chief executive officer of Hormel Foods Corp since 2006. He is 47 years old. Follow Mr. Ettinger and Hormel Foods Corp in the news and blogs or share your own opinion about the company and its leadership. [more]
CEO Jeffrey Ettinger has been the chief executive officer of Hormel Foods Corp since 2006. He is 47 years old. Follow Mr. Ettinger and Hormel Foods Corp in the news and blogs or share your own opinion about the company and its leadership.
Hormel's Profits are High on the Hog
Hormel is living High on the Hog as they raise consumer food prices.What's sad is Big Food continues to blame American farmers for higher food prices.
Hormel Foods is a member of the Grocery Manufacturers Association which recently launched an aggressive campaign against ethanol blaming it for increases in food prices.
Despite numerous studies that show that rising energy costs are to blame for higher food costs, Big Food continues to raise prices, increase profits and blame farmers.
Hormel Foods said second-quarter profits rose 14 percent is figures released today by the company. The company said its second-quarter profit rose to $77.6 million, or 56 cents per share, up from $68 million, or 49 cents per share, a year earlier. Sales rose almost 6 percent to $1.59 billion, from $1.5 billion a year earlier.
Hormel predicts its 2008 profit forecast will remain between $2.30 and $2.40 per share.
Source: Hormel
READ MORE
- New Texas A&M Study Shows Higher Oil Prices are Impacting Consumer Prices
- Senator Grassley Responds to Ethanol Smear Campaign
- Big Food's Big Food Fight Finally Featured
- USDA Responds to Food and Fuel Critics
Find What You Seek --> Search FoodandFuelAmerica.com
Food and Fuel America.com
http://www.foodandfuelamerica.com
Good and Balanced Food and Fuel News! Balancing America's Food and Fuel While Safeguarding America's Energy Security With Clean, Renewable American-grown Ethanol Food and Fuel America.com Good and Balanced Food and Fuel News! http://www.foodandfuelamerica.com
Related Articles
Comments
I have just watched a video from PETA about the way pigs are treated at farms that supply Homel foods and it seems to me that fuel is not the only excuse for the enormous profits. It seems to me that Homel will go any lenths to get their bloody money...
About the Author
From Our Partners
People in Pictures
Top Money Articles
 |
The 10 Best and 10 Worst Celebrity Tippers
We've combed the Internet to find the stories of celebs who tip a hefty chunk of change, and those who barely tip pocket change at all.
|
 |
Richard Branson is Awesome
If there were a magazine called "Eccentric Billionaire Playboy", Sir Richard Branson would be on every cover.
|
 |
Celebs Ring the Bell at the New York Stock Exchange
See stars promote themselves by ringing the NYSE opening bell.
|
Popular Money Zines
