Hormel Foods (HRL) Misses Q1 EPS by 1c

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Hormel Foods Announces Record First Quarter Results

February 23, 2017 6:30 AM EST

AUSTIN, Minn., Feb. 23, 2017 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today reported results for the first quarter of fiscal year 2017. All comparisons are to the first quarter of fiscal year 2016. Results reflect the divestiture of the Diamond Crystal Brands business, the divestiture of the Farmer John business, and the acquisition of Justin's, LLC. The impact of these transactions are excluded in the presentation of the non-GAAP adjusted measures below.

SUMMARY

First Quarter

Record diluted... More