SPAM ECONOMICS.
Reported by Jeffstaple, 19 September 2008, 07:54 AM
Signs of the faltering economy? Look to SPAM. After three years of decline, sales of Hormel Foods’ Spam products grew 5.3% in the past 12 months, helping to boost Hormel’s second-quarter revenues 6% from a year ago. At $2.62 for a 12-oz. can, “Spam plays well” in today’s climate. It seems this isn’t the first time this happened. In any economic downturn, Spam thrives.
So if you’re not too deeply involved in the economy and just want to get a barometer reading on the state of affairs…just check to see how Spam is selling at your local grocery store.
