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Spam sales on the rise. Do you love it or hate it?

Posted by on Mar. 2, 2013 at 4:59 PM
  • 17 Replies
It's the canned protein that helped America get through the Depression and fed the Allies as they won World War II. No, it's annoying unsolicited messages in your email in-box, apparently given its name from a hilarious Monty Python skit. No, it's a once-derided mystery meat that's now making inroads with a new generation of consumers and now even has its own spokescharacter, Sir Can-A-Lot... Turns out Spam (short for "spiced ham") is all of the above. Strong sales of Spam have helped fatten the bottom line of parent company Hormel Foods (HRL +0.16%), whose recent first-quarter earnings report was in line with Wall Street's expectations, with overall profits and sales up slightly. Hormel president and CEO Jeffrey Ettinger says the Spam "family of products" led sales for the company's Grocery Products division -- which saw its overall revenue rise 24% during the first quarter, compared to the same period in 2012. It also had a 13% increase in operating profits for the quarter. Hormel recently acquired another iconic American food brand, Skippy peanut butter. Part of Spam's new-found popularity apparently goes back to its traditional role -- as a way for cost-conscious consumers to get some meat in their meals without breaking the family budget. Like the rest of the nation, Hormel has been dealing with higher meat prices for its products. But "despite facing considerable commodity cost pressures, Hormel continues to benefit from a solid brand portfolio of convenient, value-added products," Ken Perkins, an analyst with Morningstar, wrote in a recent research report. Looking to strengthen its appeal with younger consumers, Hormel has just launched a new digital ad campaign, featuring the animated Sir Can-A-Lot. Using the slogan, "Break the Monotony," Sir Can-A-Lot will "seek out and respond to Internet users suffering from routine meals and boring tweets, addressing many of them personally with a unique web video," the company says. Hormel has also partnered with Chef Roy Choi, a leader of the current food-truck movement so beloved by foodies, to come up with some unique Spam-based recipes. Spam has been a longtime staple in Hawaii, Korea and elsewhere around the Pacific Rim. And in the press release, Chef Choi says the canned meat "echoes my passion for connecting the world together in celebrating how many families survived and prospered, seeing the can as a sense of hope and as a delicious mainstay." He adds: "This recipe creation has allowed me to also more intimately connect with my Korean heritage, Hawaii, and with all immigrant families that made their way to America." All that and more, in a can of spiced ham.
by on Mar. 2, 2013 at 4:59 PM
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Replies (1-10):
DSamuels
by Silver Member on Mar. 2, 2013 at 5:54 PM
I like it in some things. By itself? Yuck!

I have a recipe for pizza burgers from my mil. Everyone in our family loves it and it's a cheap dinner for a group.

1 lb hamburger, browned & drained
1can spam, shredded
1 jar spaghetti sauce
1-2 c shredded cheddar cheese

Mix the ingredients together and put on hamburger buns, open face style. Put on a cookie sheet and bake at 400 until hot and bubbly.
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mistie900
by Platinum Member on Mar. 2, 2013 at 6:19 PM
I will not buy it. I think it's gross.
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Texascandee
by Bronze Member on Mar. 2, 2013 at 6:28 PM

We love it.  Sometimes I will fry it and other times, we will nuke it for sandwiches

crazymom21
by *giggle snort* on Mar. 2, 2013 at 6:30 PM
I like it fried. We get the bacon spam and have fried spamwiches sometimes.
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mommysangelface
by on Mar. 2, 2013 at 6:36 PM
I have never had it
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connie45
by Gold Member on Mar. 2, 2013 at 7:25 PM
My SIL was born and raised in and has several dishes she uses Spam in. It's not bad how she does it.
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connie45
by Gold Member on Mar. 2, 2013 at 7:26 PM
I mean born and raised in Hawaii.
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ScrChk23
by Amanda on Mar. 2, 2013 at 7:43 PM
Never had it
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Livv066
by Silver Member on Mar. 2, 2013 at 8:16 PM
I like it, but don't have it very often. I buy the reduced sodium.
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auntangelofsix
by Silver Member on Mar. 2, 2013 at 9:12 PM
I like it but i do not buy it much.
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