CLSA Downgrades Hormel Foods (HRL) to Underperform

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Hormel Foods (HRL) Tops Q1 EPS by 6c

February 16, 2016 6:33 AM EST

Hormel Foods (NYSE: HRL) reported Q1 EPS of $0.43, $0.06 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.4 billion.

GUIDANCE:

Hormel Foods sees FY2016 EPS of $1.50-$1.56, versus prior guidance of... More