Hormel Foods (HRL) Tops Q1 EPS by 13c, Updates FY EPS Guidance

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Go back to Hormel Foods (HRL) Tops Q1 EPS by 13c, Updates FY EPS Guidance

Hormel Foods Announces Record First Quarter Results And Increases Guidance Due To Tax Reform

February 22, 2018 6:30 AM EST

AUSTIN, Minn., Feb. 22, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the first quarter of fiscal 2018. All earnings per share estimates assume a fiscal 2018 full year tax rate of 17.5 - 20.5 percent.

EXECUTIVE SUMMARY

Record diluted earnings per share of $0.56, up 27% from 2017 EPS of $0.44 Sales of... More