May 23, 2013 / 11:00 AM / 4 years ago

CORRECTED-Hormel Foods profit falls 2 pct

(Corrects name of segment to Jennie-O Turkey Store, from Jennie-O Turkey Stores)

May 23 (Reuters) - Hormel Foods Corp reported a lower quarterly profit due to costs related to its Skippy acquisition, and higher grain costs and lower turkey meat prices at its Jennie-O Turkey Store business.

Second quarter net income fell to $125.5 million, or 46 cents per share, from $127.9 million, or 48 cents per share, a year earlier.

Sales rose about 7 percent to $2.15 billion in the quarter. (Reporting by Arpita Mukherjee in Bangalore)

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