Spam sales helped plump up Hormel Foods’ second-quarter profits.
The Austin, Minn., company reported this morning that it earned $124 million in the three months ending April 26. That’s a 2.7 percent increase over the same period last year.
“We have seen a continuation of some of the same trends we saw in the first quarter,” CEO Jeffrey Ettinger said in the company’s statement, “as consumers seek value in retail channels while food service sales remain soft.”
Among the benefactors of that trend: “canned meat,” i.e. Spam, which along with Mexican products led the company’s gains.
