Source: Company filings; Chart: Axios Visuals

Sales of Hormel products — including Skippy peanut butter and Spam — to groceries skyrocketed, thanks to food stockpiling and the quarantine diet.

Why it matters: Some companies are seeing business collapse as Americans lock down, while others are getting a lift as people shelter in place.

  • "Early on in the crisis, there was this view that it was all just stocking up or pantry loadings," but there's sustained demand for the products, Hormel CEO Jim Snee told investors on Thursday.
  • Snee also said longer shelf-life items "are as important to consumers as they've ever been" with millions of Americans out of work.

The big picture: Bigger parts of Hormel's business are being slammed. Demand for its food-service business, where it distributes products to restaurants, hotels and school cafeterias, has plummeted.

  • Costs of safety measures at plants, higher plant worker pay and more supply chain expenses cut into profits.
  • And late last month, it closed three turkey processing plants in Minnesota when several workers tested positive for coronavirus, as the Star Tribune reports.

Go deeper

Updated 18 hours ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand confirmed Thursday there are 13 local cases linked to the four who tested positive for COVID-19, ending 102 days of no community spread. Auckland locked down Wednesday for 72 hours and the rest of NZ is under lesser restrictions.

By the numbers: Over 751,000 people have died of the novel coronavirus globally and another 20.7 million have tested positive, per Johns Hopkins. More than 12.8 million have recovered from the virus.

The pandemic's toll on mental health

Illustration: Aïda Amer/Axios

One in four Americans between 18 and 24 years old say they've considered suicide in the past month because of the pandemic, according to a survey from the Centers of Disease Control and Prevention.

Why it matters: The findings confirm warnings from public health experts about the long-term mental health impacts from the pandemic.

Biden calls for 3-month national mask mandate: "Be a patriot"

Joe Biden called on governors to issue a three-month mandatory outdoor mask mandate on Thursday, telling reporters after receiving a coronavirus briefing that experts say it could save over 40,000 lives.

Why it matters: Biden was more aggressive and specific than he has been in previous calls to wear a mask, arguing that it will allow children to return to school sooner, businesses to reopen and help "get our country back on track."