Hormel Foods CEO Highlights Strategy For Targeted Growth
Hormel Foods Corp.'s (HRL) chairman, president and chief executive officer, Jeffrey Ettinger, highlighted strategy for Targeted Growth at the annual Barclays Back-to-School Consumer Conference in Boston, Mass. In August, Hormel Foods acquired CytoSport Holdings Inc. The acquisition will serve as a growth catalyst for the company's Specialty Foods segment, and also offers a branded avenue for our company in the fast growing sports nutrition space. Ettinger stated that Muscle Milk products will be a key contributor to the company's growing portfolio of products focused on portable foods and better-for-you trends. Ettinger noted that the company will be focusing on driving sales outside of the United States. Ettinger said that the company has increased dividends to shareholders for 48 consecutive years.
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