Thursday, August 31, 2023

Hormel Foods Projects Q4 EPS To Decline YoY; Expects Modest Volume Growth

Hormel Foods Corp. (HRL) said the company expects its fourth quarter net earnings per share to be down from last year, reflecting continued weakness in the International segment and lower Retail segment results. The company projects fourth quarter net sales to be between $3.1 billion and $3.6 billion. Hormel Foods expects modest volume growth in the fourth quarter.

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