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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Aug 20, 1982

Page

25

Hormel reports Q3 earnings drop amid plant startup costs

Hormel Foods reports third quarter earnings fell to 1.9 million dollars, 21 cents a share, from 6.8 million, 71 cents, as startup costs for a new plant and higher hog prices hit margins. Nine-month earnings total 18.8 million, 1.96 a share, versus 19.8 million, 2.06 previously. revenue rose to 355.9 million from 342.5 million.

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