29 May 2008

Brisk Spam Sales Help Boost Hormel's Profits


As rising oil prices and food prices eat into household budgets, people are shifting to more affordable edibles. Spam's maker, Hormel, has seen a 14 percent jump in profits for the recent quarter — in part because its famous canned meat product is selling so well, the company says. The average 12-ounce can costs $2.62.

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