Hormel shareholders meeting set for Tuesday

Published 10:09 am Monday, January 26, 2015

Hormel Foods Corp. is set to review the company’s 2014 at its annual shareholders meeting Tuesday.

The company had a record-breaking year despite a fourth-quarter performance that was just barely under market expectations. Hormel had a record $9.3 billion in sales, up 6 percent from 2013. Overall, Hormel’s fourth-quarter net earnings increased 9 percent from 2013 to $171.3 million.

The company also increased its dividends by .20 cents, or 25 percent overall, to $1 per share.

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Hormel leadership will discuss the company’s success starting at 7:50 p.m. Tuesday at Knowlton Auditorium inside Austin High School.