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Hormel Foods profit rises on higher grocery sales

Thu Feb 21, 2013 6:46am EST

Feb 21 (Reuters) - Hormel Foods Corp reported a quarterly profit, helped by strong sales in its grocery business.

First-quarter net income rose to $129.7 million, or 48 cents per share, from $128.4 million, or 48 cents per share, a year earlier.

Revenue rose 4 percent to $2.12 billion.
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