"We expect lower input costs to provide a tailwind for our Grocery Products and Refrigerated Foods value-added businesses next year, offsetting modestly lower pork operating margins. Strong demand for our APPLEGATE natural and organic products will be an additional growth catalyst for the Refrigerated Foods segment. We look for Jennie-O Turkey Store to return to growth in the back half of fiscal 2016 if there are no significant recurrences of avian influenza, benefitting from strong demand for branded JENNIE-O products and low grain costs. Specialty Foods should deliver increases through the growth of its MUSCLE MILK protein nutrition products, and we expect International to achieve year-over-year improved results through the expansion of our business in China along with increased sales of our SPAM and SKIPPY family of products. Taking these factors into account, we are setting our fiscal 2016 earnings guidance range at $2.85 to $2.95 per share." Source: Hormel Foods Corp.