Spam tries to get hip
Hormel Foods is launching a new advertising campaign around its iconic canned meat product, which turns 75 this year.
It's hard to keep up with those youngsters on the grocery shelves. Campbell Soup (CPB) is getting a Thai tomato coconut flavor. Kraft (KFT) has new breakfast crisps. Ben & Jerry's now has Greek frozen yogurt.
But Spam? Well, Spam is just Spam, and it doesn't get a lot of love with health-conscious shoppers. Hormel Foods (HRL) has tried to keep Spam fresh in consumers' minds, but the canned pork just doesn't have enough buzz. Spam only has 1,246 Twitter followers -- even Purina Horse Feed has more.
So Hormel is out to change that. And it's starting with its first-ever spokescharacter: Sir Can-A-Lot. He's a 2.5-inch tall animated knight, Ad Age reports, and is supposed to "crusade to rescue the world from routine meals."
Sir Can-A-Lot is also going to help Spam make headway into social media. You can see one Spam commercial featuring the character here.
The first can of Spam was made in 1937 in Austin, Minn., according to Hormel. It was a hit, and by 1941 the company had sold 40 million pounds of the meat. Spam also played an important role in feeding Allied forces in World War II.
Spam isn't as popular now, but Hormel says it still sells 90 million cans of the meat in the U.S. each year. The company's stock price has risen 4% in the last year.
But the price of meat is rising, and Hormel said that's cutting into profits. The operating profit from Hormel's grocery products unit fell 9.2% in the quarter ended Jan. 29, Bloomberg reports. Wholesale-pork prices hit 88.2 cents a pound on Feb. 15 -- the highest since mid-December.
Hormel said its quarterly profit fell nearly 14% to $128.4 million.
So can Sir Can-A-Lot help Hormel reverse that trend? The first commercial in this campaign isn't all that exciting, and the new Spam website is clunky and confusing. Sir Can-A-Lot has his work cut out for him.
--Kim Peterson doesn't own any shares of the stocks mentioned. She has, however, made a mean Spam musubi.
Spam has a very long history in helping many people stay alive during the WWII years and is still very well like in many families here in the USA, and help feed the troops during thet war, and still feeds many people who can ill afford to not depend on it, even if they don't like, it is still a value to those who unlike most detractors of it may not have an option to buy anything else, or are just to superior to try it in other ways tha just Spam, like the Hawaiians did and still do in the year 2012, and I keep it here at home because I like it in many different ways including cold sandwiches and as either a breakfast, lunch, or dinner hot meal for a very good tasty meal change.
And I can afford to buy any kind of food when I want, when ever I want, but I still keep a few cans on hand.
Like it or not - Spam is as American as Apple Pie and Baseball! Long live Spam!
Gens wrote: I grew up in Austin Mn so have eaten a lot of Spam. Love to make spam spread,put spam, hard boiled egg, pickle, onion,in a meat grinder add a little mayo, on fresh baked "white" bread. yum yum
My mother used to make the same spread when we were kids, i couldn't get enough of it. As a matter of fact i work overseas now and my next trip home i'm packing some SPAM!!!
Spam! Lovely Spam! I love Spam! It sits on the shelf ready to use anytime. You can do so much with it besides fry it up for breakfast, I dice it up to put in quiche, scallop potatoes, corn chowder and bean soup. Roll sticks of Spam and cheese up in crescent rolls for a easy, finger and kid friendly snack, makes a great sandwich substute to go with soup, use it almost anywhere it calls for ham.
We don't have it very often, but we love it. It makes a fast, easy and cheap meal. We make a spread with grated spam, grated cheddar cheese, pickles, onions and mayo. You can put it on bread or crackers. It is great with eggs. I always try to have some on hand for a last minute meal.
The love for Spam has been taken up by my granddaughter [who now is 18] and my young grandson [who will turn 5 on April 21st] from me, their "Papa", They both are known to snitch
Spam off of my plate, even if there is some on their plates. But, I don't mind, I'll just open up another can. I personally like the Spam Lite and the Turkey Spam, In fact , Spam with Mac
and Cheese sounds good right now!. I also have the 3 Spam collector cans, empty of course.
The Emperor would never eat such vile crap!
only ones with simple taste would consume such filth!
But I do like mine in a sandwich after being over a open flame!!!!!
MORE ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
The auto parts giant beats Wall Street expectations, while continuing to expand its stores in the U.S. and Mexico.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.