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Hormel Foods Corp. (NYSE:HRL) reported a booming first quarter as shoppers continue to stock up on its canned meats and Mexican food products. The company boosted its full-year earnings expectations following the better-than-expected results. Shares rose Thursday.
The maker of Spam, Dinty Moore stew and other foods reported that its profit 37 percent to $111.2 million, or 82 cents per share, for the quarter. It reported a profit of $81.4 million, or 60 cents per share, in the same quarter last year.
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