 5/10 Good --- feeds.gawker.com http://feeds.gawker.com/consumerist/full
Thursday, May 29, 2008 --- 186 days ago http://feeds.gawker.com/~r/consumerist/full/~3/300709424/
 The Associated Press is saying that rising food costs are driving people to buy more Spam, despite the fact that the Spam itself is more expensive. Are you really doing this? The price of Spam is up too, with the average 12 oz. can costing about $2.62. That's an increase of 17 cents, or nearly 7 percent, from the same time last year. But it's not stopping sales, as the pork meat in a can seems like a good alternative to consumers. Kimberly Quan, a stay-at-home mom of three who lives just outside San Francisco, has been feeding her family more Spam in the last six months as she tries to make her food budget go further. She cooks meals like Spam fried rice and Spam sandwiches two or three times a month, up from once a month previously. Pulling Spam from the shelf prevents last-minute grocery store trips and overspending, said Quan, 38, of Pleasanton, Calif. "It's canned meat and it's in the cupboard and if everything else is gone from the fridge, it's there," she said. Spam's maker, Hormel Foods Corp., reported last week that it saw strong sales of Spam in the second quarter, helping push up its profits 14 percent. According to sales information coming from Hormel, provided by The Nielsen Co., Spam sales were up 10.6 percent in the 12-week period ending May 3, compared to last year. In the last 24 weeks, sales were up nearly 9 percent. The Austin, Minn.-based company, also known for the Jennie-O Turkey Store, has embarked on its fi ... |
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