Hormel Foods (HRL) Reports In-Line Q3 EPS, Revenues Miss; Lowers FY18 Revenue Outlook Below Consensus, Affirms FY18 EPS Outlook

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Hormel Foods Announces Record Third Quarter Results And Reaffirms Fiscal 2018 Earnings Guidance

August 23, 2018 6:30 AM EDT

AUSTIN, Minn., Aug. 23, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the third quarter of fiscal 2018. All comparisons are to the third quarter of fiscal 2017 unless otherwise noted.

EXECUTIVE SUMMARY

Record diluted earnings per share of $0.39, up 15% from... More