Hormel Foods Reports Third Quarter Results

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Go back to Hormel Foods Reports Third Quarter Results

Hormel Foods (HRL) Tops Q3 EPS by 3c

August 25, 2020 6:31 AM EDT

Hormel Foods (NYSE: HRL) reported Q3 EPS of $0.37, $0.03 better than the analyst estimate of $0.34. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.37 billion.

OUTLOOK:

"We expect the fourth quarter to mirror many of the dynamics we saw in the third quarter, including strength from our retail businesses and the ongoing recovery in our foodservice business," Snee said. "However, the magnitude of... More