 Hormel Foods Corp. HRL, -0.80 , parent of brands inluding Planters, Skippy, Spam, Applgegate and Jennie-O, posted better-than-expected earnings for its fiscal second quarter on Thursday and backed sales guidance for the full year. The company posted net income of 261.6 million, or 48 cents a share, for the quarter to May 1, up from 227.9 million, or 42 cents a share, in the year-earlier period. 