Hormel Foods Corp. (HRL) Misses Q2 EPS by 4c

Hormel Foods Corp. (NYSE: HRL) reported Q2 EPS of $0.52, $0.04 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.24 billion.

Highlights:

• Grocery Products operating profit up 16 percent; volume up 1 percent; dollar sales flat
• Refrigerated Foods operating profit up 38 percent; volume flat; dollar sales up 10 percent
• Jennie-O Turkey Store operating profit up 2 percent; volume down 5 percent; dollar sales down 1 percent
• Specialty Foods operating profit down 26 percent; volume down 14 percent; dollar sales down 12 percent
• International & Other operating profit up 34 percent; volume up 26 percent; dollar sales up 23 percent

Hormel Foods Corp. reaffirmed FY2014 guidance.

For earnings history and earnings-related data on Hormel Foods Corp. (HRL) click here.

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