Hormel Foods has reported record-breaking net earnings and dollar sales for the fiscal year ended Oct. 28.

Earnings were $170.2 million, 4% above a year earlier. Reported earnings were $1.20/share, 8% above a year ago.

"Each of the company's core business groups, meat products, foodservice, grocery products, international and Jennie-O-Foods enjoyed record sales," says Joel W. Johnson, chairman of the board, president and chief executive officer.