Hormel Foods (HRL) Tops Q4 EPS by 5c; Guides FY16 EPS Above Views
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Hormel Foods Achieves Record Fourth Quarter and Full Year Results
November 24, 2015 6:30 AM ESTAUSTIN, Minn.--(BUSINESS WIRE)-- Hormel Foods Corporation (NYSE: HRL) today reported record performance for the fiscal year 2015 fourth quarter and full year.
All comparisons are to the fourth quarter or full year of fiscal 2014.
SUMMARY
Fourth Quarter
Record non-GAAP1 adjusted diluted EPS2 of $0.74, up 17 percent from $0.63 per share. GAAP diluted EPS of $0.69. Dollar sales of $2.4 billion, down 6 percent; volume down 2 percent. Grocery Products operating profit up 57 percent; volume up 5 percent;... More