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As Americans Dine Out, Βι¶ΉΣ³»­ Restaurant Sales Surge

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StarTribune

Americans are dining out again and Βι¶ΉΣ³»­ restaurant sales reflect it.

The company’s food service business, which serves the restaurant industry, surged 45% over last year’s pandemic-induced lull during the summer quarter.

Even when compared with pre-pandemic levels, Βι¶ΉΣ³»­ Inc.’s food service revenue is up considerably. That’s because Hormel’s product offerings include premade kitchen shortcuts that appeal to restaurant operators at a time when many are short of workers, said chief executive Jim Snee.

On Thursday, the Austin, Minn.-based food maker reported sales growth across every business segment in its fiscal third quarter ended July 25.