Commodity turkey and private label snack nuts weighed on Hormel Foods during the third quarter.
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Hormel Foods has reported a dip in volume within its retail segment for the third quarter. According to FoodNavigator Europe, the company struggled specifically with declines in commodity turkey and private label snack nuts.
Despite these challenges, certain brands provided a buffer for the business. Performance was bolstered by the heavy lifting of Spam, Applegate, Jennie-O, and Hormel Chili.
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