Higher expenses eat into Hormel's profits

The Austin-based company reports earnings for refrigerated foods were down 44 percent in the first quarter. Hormel says leaner profit margins for pork were a big ingredient in that. CEO and President Jeff Ettinger expects slowly improving results this year.
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The Austin-based company reports earnings for refrigerated foods were down 44 percent in the first quarter. Hormel says leaner profit margins for pork were a big ingredient in that. CEO and President Jeff Ettinger expects slowly improving results this year.

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