Hormel Foods versus Campbell's

Hormel Foods is an industrial scale grocery supplier. Similar footprint to that of Campbell's $CPB but with a lower OpEx and higher revenues.

Notably, the company trades at nearly 3x P/S versus Campbell's which trades at 2x P/S.

Both seem like logical, undervalued, consumer staples, though I would see a convergence in this price differential as we come closer to earnings.