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Industry News & Trends / Business & Markets / Poultry Processing & Slaughter / Turkey Production / North America
on February 24, 2017

3 factors hurting Jennie-O Turkey Store’s finances

Jennie-O Turkey Store’s operating profit slipped 25 percent during the first quarter of fiscal year 2016

Jennie-O Turkey Store had a rough first quarter of the 2017 fiscal year, seeing its operating profit decline 25 percent on a year-over-year basis.

The subsidiary of Hormel Foods did increase its sales by 13 percent, Hormel Foods CEO Jim Snee said during Hormel’s quarterly earnings call on February 23…

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