Austin, MN (KROC AM News) - Hormel Foods has carried out a long tradition, announcing its annual profit sharing Wednesday morning.

The Austin-based food processing company says the total this year is $17.5-million and will be shared with all eligible hourly and salaried employees. That’s the same amount as last year.

Hormel started the Thanksgiving Eve tradition in 1938.

With updates at the top and bottom of the hour 24 hours a day, Tune in to Newstalk 1340 KROC-AM for the latest local and national news.

[button href="" title="Click Here to Listen Live" align="center"

More From KROC-AM