Hormel Foods Corp. (HRL) Tops Q3 EPS by 2c

Hormel Foods Corp. (NYSE: HRL) reported Q3 EPS of $0.51, $0.02 better than the analyst estimate of $0.49. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.23 billion.

• Grocery Products operating profit down 36 percent; volume down 3 percent; dollar sales down 3 percent
• Refrigerated Foods operating profit up 101 percent; volume flat; dollar sales up 12 percent
• Jennie-O Turkey Store operating profit up 42 percent; volume down 2 percent; dollar sales up 4 percent
• Specialty Foods operating profit down 25 percent; volume down 9 percent; dollar sales down 10 percent
• International & Other operating profit up 12 percent; volume up 12 percent; dollar sales up 18 percent

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

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