Brisk Spam Sales Help Boost Hormel's Profits

As rising oil prices and food prices eat into household budgets, people are shifting to more affordable edibles. Spam's maker, Hormel, has seen a 14 percent jump in profits for the recent quarter — in part because its famous canned meat product is selling so well, the company says. The average 12-ounce can costs $2.62.

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Rising oil prices and rising food prices are eating into household budgets. Enough people are shifting to more affordable edibles that it's given one iconic food product a boost. Our last word in business is Spam. Spam's maker, Hormel, has seen a 14 percent jump in profits for the recent quarter. In part, it says, because its famous canned pork meat is selling so well.


But, Renee, the company didn't say which variety of Spam is giving the biggest boost to sales. I mean, sure, you've got your classic Spam, but what about hickory smoked or hot and spicy Spam. You've got Spam with cheese, Spam with bacon. And for the health-conscious Spam lover there are low-sodium and low-fat Spams.

But think what you will about canned meat, it is affordable. The average 12 ounce can is still a bargain at $2.62.

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